Guideline Value for Jagannathan 10th Cross Street

Jagannathan 10th Cross Street guideline value

The current guideline value of Jagannathan 10th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jagannathan 10th Cross Street has changed

Over the years, the guideline value of Jagannathan 10th Cross Street has experienced several revisions. In 2007, the guideline value was Rs 700 per sq.ft, which saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a change of +257%. This figure remained unchanged until the 2023 revision, where it was again Rs 2,500 per sq.ft. In 2024, the guideline value increased to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +286%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Jagannathan 10th Cross Street is below this median.

• Jagannathan 11th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 12th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 14th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 2nd Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jagannathan 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, calculated at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jagannathan 10th Cross Street?

The Sub Registrar Office that covers Jagannathan 10th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kolathur

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jagannathan 10th Cross Street?

The current guideline value of Jagannathan 10th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 2,700 per sq.ft in 2024, representing an overall increase of +286%.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same 2024 guideline value of Rs 2,700 per sq.ft include Jagannathan 11th Cross Street, Jagannathan 12th Cross Street, Jagannathan 13th Cross Street, Jagannathan 14th Cross Street, Jagannathan 1st Cross Street, and Jagannathan 2nd Cross Street.

What is the registration fee for a property on Jagannathan 10th Cross Street?

The registration fee for a property on Jagannathan 10th Cross Street is calculated at 2% of the guideline value. For a 1,000 sq.ft plot, this fee would amount to Rs 54,000.

Which office handles property registrations for Jagannathan 10th Cross Street?

The Sembiam Sub Registrar Office handles property registrations for Jagannathan 10th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.