Guideline Value for Jaganathanpuram 6thstreet

Jaganathanpuram 6thstreet guideline value

The current guideline value of Jaganathanpuram 6thstreet 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 6thstreet has changed

Over the years, the guideline value of Jaganathanpuram 6thstreet has seen significant changes. In 2002, the value was Rs 469 per sq.ft. This figure increased to Rs 517 per sq.ft in 2003, marking a 10% rise. The value continued to climb to Rs 1,000 per sq.ft in 2007, which was a substantial increase of 93%. Following this, the value jumped dramatically to Rs 3,100 per sq.ft in 2012, reflecting a 210% increase. However, the value decreased to Rs 2,077 per sq.ft in 2017, showing a decline of 33%. The guideline value then rose again to Rs 3,100 per sq.ft in 2023, before reaching the current value of Rs 3,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 shows an increase of 625% in the guideline value.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in the area is Rs 7,100 per sq.ft, placing Jaganathanpuram 6thstreet's 2024 figure below this median.

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

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 fees together 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaganathanpuram 6thstreet?

The Sub Registrar Office that covers Jaganathanpuram 6thstreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Egmore. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers must pay the stamp duty based on the higher amount between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jaganathanpuram 6thstreet?

The current guideline value of Jaganathanpuram 6thstreet 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 469 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 625% over this period.

What is the stamp duty rate for properties in Jaganathanpuram 6thstreet?

The stamp duty rate for properties in Jaganathanpuram 6thstreet is 7% of the guideline value or the sale price, whichever is higher.

Where is the Periamet Sub Registrar Office located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003.

What are the guideline values of other streets in Egmore?

Other streets in Egmore, such as Jaganathanpuram 1st street, 2nd street, 3rd street, 4th street, and 5th street, all have a guideline value of Rs 3,400 per sq.ft for 2024.