Guideline Value for Jaganathapuram

Jaganathapuram guideline value

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

How the guideline value of Jaganathapuram has changed

Over the years, the guideline value of Jaganathapuram has seen significant changes. The 2017 revision recorded a value of Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in 2023, marking a 49% rise. The most recent 2024 revision set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Jaganathapuram is below this median.

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

Stamp duty and registration fee for property in Jaganathapuram

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, leading to a total of Rs 1,28,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaganathapuram?

The Sub Registrar Office that covers Jaganathapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

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

Frequently asked questions

What is the current guideline value of Jaganathapuram?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, marking a total increase of 64% over that period.

What are the stamp duty and registration fees for property in Jaganathapuram?

The stamp duty for property in Jaganathapuram is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,28,700.

Which office handles property registrations in Jaganathapuram?

The Kunrathur Sub Registrar Office is responsible for property registrations in Jaganathapuram, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Kunrathour-B?

The guideline value is determined by the Registration Department and varies based on the location and classification of the property. It is updated periodically to reflect changes in the market.