Guideline Value for Jaganathapuram Sekkizhar Nagar

Jaganathapuram Sekkizhar Nagar guideline value

The current guideline value of Jaganathapuram Sekkizhar Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Jaganathapuram Sekkizhar Nagar has changed

The guideline value for Jaganathapuram Sekkizhar Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 1,430 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating a substantial rise in the guideline value over that period.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with the 2024 guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for this area is Rs 1,540 per sq.ft, placing the Jaganathapuram Sekkizhar Nagar 2024 figure below this median.

• Jaganathapuram Sekkizhar Nagar 2nd Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram Bhavani Amman Koil Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 3rd Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 2nd Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 1st Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathapuram Sekkizhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost for these fees to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jaganathapuram Sekkizhar Nagar?

The Jaganathapuram Sekkizhar Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when buying or selling property in Kunrathour-B. It serves as a reference for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal and financial requirements during the transaction process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Jaganathapuram Sekkizhar Nagar?

The current guideline value of Jaganathapuram Sekkizhar Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100, and the registration fee would be Rs 28,600, totaling Rs 1,28,700. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

The Kunrathur Sub Registrar Office handles registrations for Jaganathapuram Sekkizhar Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Jaganathapuram Sekkizhar Nagar?

Jaganathapuram Sekkizhar Nagar is classified as Residential Special Type - II, indicating its designation for residential purposes within the area.