Guideline Value for Jaganathapuram 1st Street

Jaganathapuram 1st Street guideline value

The current guideline value of Jaganathapuram 1st Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Jaganathapuram 1st Street has changed

The guideline value for Jaganathapuram 1st Street has seen significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Jaganathapuram 1st Street's value below the median.

• Jaganathapuram 2nd Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 3rd Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram Bhavani Amman Koil Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram Sekkizhar Nagar: Rs 1,430 per sq.ft (2024)
• Jaganathapuram Sekkizhar Nagar 2nd Street: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. 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 detailed calculations.

Which Sub Registrar Office covers Jaganathapuram 1st Street?

The Sub Registrar Office that covers Jaganathapuram 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in this area.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jaganathapuram 1st Street?

The current guideline value of Jaganathapuram 1st Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking a total increase of 64% over the years.

What are the registration fees for property in Jaganathapuram 1st Street?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles registrations for Jaganathapuram 1st Street?

The Kunrathur Sub Registrar Office handles registrations for Jaganathapuram 1st Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Jaganathapuram 1st Street?

The land classification for Jaganathapuram 1st Street is Residential Special Type - II, indicating its designated use for residential purposes.