Guideline Value for Jagannathan 11th Cross Street

Jagannathan 11th Cross Street guideline value

The current guideline value of Jagannathan 11th Cross Street is Rs 2,700 per sq.ft. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Jagannathan 11th Cross Street has changed

The guideline value for Jagannathan 11th Cross Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 700 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. The value remained unchanged at Rs 2,500 per sq.ft in the 2023 revision.

The latest revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year. Overall, from 2007 to 2024, the guideline value has risen by 286%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Jagannathan 11th Cross Street's 2024 figure below that median.

• Jagannathan 10th 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 11th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jagannathan 11th Cross Street?

The Sub Registrar Office that covers Jagannathan 11th 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 is a crucial factor when registering property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is bought or sold, the guideline value is referenced to ensure that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Jagannathan 11th Cross Street?

The current guideline value of Jagannathan 11th Cross Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 286%.

What is the land classification for Jagannathan 11th Cross Street?

Jagannathan 11th Cross Street is classified as Residential Class II Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.