Guideline Value

Corporate

Guideline Value for Jaganathapuram 4th Main Road

₹4400/sq.ft.

The guideline value for Jaganathapuram 4th Main 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 4th Main Road

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Jaganathapuram 4th Main Road guideline value

The current guideline value of Jaganathapuram 4th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the jurisdiction of the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Jaganathapuram 4th Main Road has changed

The guideline value for Jaganathapuram 4th Main Road has seen significant changes over the years. Starting from the 2002 revision, the guideline value was Rs 389 per sq.ft. This increased to Rs 436 per sq.ft in 2003, marking a 12% rise. The value then surged to Rs 1,800 per sq.ft in 2007, reflecting a substantial increase of 313%. In 2012, the value rose to Rs 4,000 per sq.ft, which was a 122% increase from the previous revision. The most recent revision in 2024 set the guideline value at 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 the 2002 revision to the 2024 revision, the guideline value has increased by 1031%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values 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, which matches the current guideline value of Jaganathapuram 4th Main Road.

Stamp duty and registration fee for property in Jaganathapuram 4th 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 comes to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would amount to Rs 88,000, making the total cost 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jaganathapuram 4th Main Road?

The Jaganathapuram 4th Main 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 information.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during a property transaction.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Jaganathapuram 4th Main Road?

The current guideline value of Jaganathapuram 4th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much 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 stamp duty rate for properties in Jaganathapuram 4th Main Road?

The stamp duty rate for properties in Jaganathapuram 4th Main Road is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Jaganathapuram 4th Main Road?

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

Are there any years without guideline values for this street?

Yes, the revisions for the years 2017 and 2023 do not have any figures available for Jaganathapuram 4th Main Road.