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Guideline Value

Corporate

Guideline Value for Jaganathapuram 4th Cross Street

₹4400/sq.ft.

The guideline value for Jaganathapuram 4th Cross Street 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 4th Cross Street

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Jaganathapuram 4th Cross Street guideline value

The current guideline value of Jaganathapuram 4th Cross Street 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. The land classification for this area is Residential Class II Type - II.

How the guideline value of Jaganathapuram 4th Cross Street has changed

Over the years, the guideline value of Jaganathapuram 4th Cross Street has seen significant changes. The earliest recorded figure was Rs 389 per sq.ft in 2002, which increased to Rs 436 per sq.ft in 2003, marking a rise of 12%. By 2007, the value surged to Rs 1,800 per sq.ft, reflecting a substantial increase of 313%. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a remarkable 122% jump from the previous figure. The most recent revision in 2024 has brought the guideline value to Rs 4,400 per sq.ft, representing a 10% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by an impressive 1031%.

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 value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Jaganathapuram 4th Cross Street.

Stamp duty and registration fee for property in Jaganathapuram 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaganathapuram 4th Cross Street?

The Sub Registrar Office that covers Jaganathapuram 4th Cross Street 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 the registration process when buying or selling property in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a value that reflects the current market conditions. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Jaganathapuram 4th Cross Street?

The current guideline value of Jaganathapuram 4th Cross Street 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 1031%.

What is the land classification for Jaganathapuram 4th Cross Street?

The land classification for Jaganathapuram 4th Cross Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Jaganathapuram 4th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,08,000 at 7%.