Guideline Value for Jaganathapuram 6th Street

Jaganathapuram 6th Street guideline value

The current guideline value of Jaganathapuram 6th 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, classified as Residential Class II Type - II.

How the guideline value of Jaganathapuram 6th Street has changed

In the 2007 revision, the guideline value was Rs 1,800 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a change of +122%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a +10% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +144%. The register has no figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 figure 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 2024 guideline value of Jaganathapuram 6th Street.

• Jaganathapuram 6th Cross Street: Rs 4,400 per sq.ft (2024)
• Jaganathapuram 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Jaganathapuram 5th Street: Rs 4,400 per sq.ft (2024)
• Jaganathapuram 7th Street: Rs 4,400 per sq.ft (2024)
• Jaganathapuram 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Jaganathapuram 8th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathapuram 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value is 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaganathapuram 6th Street?

The Sub Registrar Office that covers Jaganathapuram 6th 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 is an important factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, impacting the stamp duty and registration fees payable.

When a buyer or seller enters into a transaction, the guideline value ensures that the property is registered at a value that reflects its worth according to the latest government assessments. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jaganathapuram 6th Street?

The current guideline value of Jaganathapuram 6th 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 from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +144% over the years.

What is the land classification for Jaganathapuram 6th Street?

Jaganathapuram 6th Street is classified as Residential Class II Type - II under the Velacheri SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Jaganathapuram 6th Street?

The Velacheri Sub Registrar Office handles property registrations for Jaganathapuram 6th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.