Guideline Value

Corporate

Guideline Value for Jaganathapuram 2nd Main Road

₹4400/sq.ft.

The guideline value for Jaganathapuram 2nd Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹436 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹389 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jaganathapuram 2nd Main Road

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Jaganathapuram 2nd Main Road guideline value

The current guideline value of Jaganathapuram 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO with a land classification of Residential Class II Type - II.

How the guideline value of Jaganathapuram 2nd Main Road has changed

The guideline value for Jaganathapuram 2nd Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 389 per sq.ft, which increased to Rs 436 per sq.ft in 2003. The following revisions showed a substantial rise, with the value reaching Rs 1,800 per sq.ft in 2007, and then jumping to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The most notable increase occurred from 2002 to 2024, where the overall change is +1031%. There are no figures available for revisions in any other years for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current figure for Jaganathapuram 2nd Main Road.

Stamp duty and registration fee for property in Jaganathapuram 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaganathapuram 2nd Main Road?

The Sub Registrar Office that covers Jaganathapuram 2nd Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Velachery. It is used as a reference for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Jaganathapuram 2nd Main Road?

The current guideline value of Jaganathapuram 2nd Main Road is Rs 4,400 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 389 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with various increases and decreases noted in the intervening years.

What is the role of the Velacheri SRO?

The Velacheri SRO is responsible for maintaining the guideline value register and facilitating property registrations in the Velachery area, including Jaganathapuram 2nd Main Road.

How is stamp duty calculated for properties in Jaganathapuram 2nd Main Road?

Stamp duty for properties in Jaganathapuram 2nd Main Road is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for registration fees.

Where can I find more information about the guideline values in Velachery?

More information about the guideline values in Velachery can be found on the official registration department's website or through the links provided for other streets in Velachery.