Guideline Value for Jaganathanpuram 3rd street

Jaganathanpuram 3rd street guideline value

The current guideline value of Jaganathanpuram 3rd street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Jaganathanpuram 3rd street has changed

The guideline value for Jaganathanpuram 3rd street has seen several revisions over the years. Starting with the 2003 revision, the guideline value was Rs 650 per sq.ft. This increased to Rs 1,030 per sq.ft in 2007, marking a substantial rise of 58%. The value then jumped dramatically to Rs 3,100 per sq.ft in 2012, reflecting an increase of 201%. However, from 2012 to 2017, the value decreased to Rs 2,077 per sq.ft, a decline of 33%. The subsequent revision in 2023 saw the value rise to Rs 3,100 per sq.ft, an increase of 49%, and finally, the current guideline value is Rs 3,400 per sq.ft as per the 2024 revision, which is a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 423%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, and Jaganathanpuram 3rd street's 2024 figure of Rs 3,400 per sq.ft is below this median.

• Jaganathanpuram 2nd street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 4th street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 1st street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 5th street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 1st lane: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 6th street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathanpuram 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, making the total cost for these fees Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jaganathanpuram 3rd street?

The Sub Registrar Office that covers Jaganathanpuram 3rd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Egmore

The guideline value is an essential factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Jaganathanpuram 3rd street?

The current guideline value of Jaganathanpuram 3rd street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 650 per sq.ft in 2003 to Rs 3,400 per sq.ft in 2024, with various increases and one decrease noted in the revisions.

What is the land classification for Jaganathanpuram 3rd street?

Jaganathanpuram 3rd street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where is the Sub Registrar Office for Jaganathanpuram 3rd street located?

The Sub Registrar Office for Jaganathanpuram 3rd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.