Guideline Value

Corporate

Guideline Value for Jaganathapuram 3rdMain Road

₹4400/sq.ft.

The guideline value for Jaganathapuram 3rdmain Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 3rdmain Road

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Jaganathapuram 3rdMain Road guideline value

The current guideline value of Jaganathapuram 3rdMain Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Jaganathapuram 3rdMain Road has changed

The guideline value for Jaganathapuram 3rdMain Road has seen significant changes over the years. In 2002, the guideline value was Rs 389 per sq.ft. This increased to Rs 436 per sq.ft in 2003, marking a rise of 12%. The value then surged to Rs 1,800 per sq.ft in 2007, reflecting a substantial increase of 313%. Following this, the value was revised to Rs 4,000 per sq.ft in 2012, which represented a 122% increase. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the 2012 figure.

It is important to note that there are no figures available for the years 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,031%.

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 for these streets is Rs 4,400 per sq.ft, placing Jaganathapuram 3rdMain Road at the median value.

Stamp duty and registration fee for property in Jaganathapuram 3rdMain 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, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jaganathapuram 3rdMain Road?

The Jaganathapuram 3rdMain Road falls under 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jaganathapuram 3rdMain Road?

The current guideline value of Jaganathapuram 3rdMain 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, marking an overall increase of 1,031%.

What is the stamp duty rate for property in Jaganathapuram 3rdMain Road?

The stamp duty rate for property in Jaganathapuram 3rdMain Road is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Jaganathapuram 3rdMain Road?

The Velacheri Sub Registrar Office covers Jaganathapuram 3rdMain Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the other streets in Velachery with the same guideline value?

Other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft include Jaganathapuram 3rd Cross Street, Jaganathapuram 4th Cross Street, Jaganathapuram 2nd Main Road, Jaganathapuram 4th Main Road, Jaganathapuram 2nd Cross Street, and Jaganathapuram 5th Cross Street.