Guideline Value for Jaganathanpuram 4th street

Jaganathanpuram 4th street guideline value

The current guideline value of Jaganathanpuram 4th street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - II.

How the guideline value of Jaganathanpuram 4th street has changed

The guideline value for Jaganathanpuram 4th street has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 517 per sq.ft. This value increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 93%. By 2012, the value reached Rs 3,100 per sq.ft, reflecting a remarkable increase of 210%. However, it then dropped to Rs 2,077 per sq.ft in 2017, a decrease of 33% from the previous revision.

In 2023, the guideline value was revised to Rs 3,100 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 saw the value rise to Rs 3,400 per sq.ft, a 10% increase from the previous year. It is important to note that there is no recorded figure for this street in the 2002 revision.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, indicating that Jaganathanpuram 4th street's current value is below this median.

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

Stamp duty and registration fee for property in Jaganathanpuram 4th street

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

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaganathanpuram 4th street?

The Sub Registrar Office that covers Jaganathanpuram 4th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable duties and fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Jaganathanpuram 4th street?

The current guideline value of Jaganathanpuram 4th 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 517 per sq.ft in 2003 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 558% over this period.

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.

Which Sub Registrar Office is responsible for Jaganathanpuram 4th street?

The Periamet Sub Registrar Office at 1103, Poonamallee High Road, Chennai-600 003, is responsible for Jaganathanpuram 4th street.

What is the land classification for Jaganathanpuram 4th street?

Jaganathanpuram 4th street is classified as Residential Class III Type - II under the current guidelines.