Guideline Value for Jagannathan 8th Cross Street

Jagannathan 8th Cross Street guideline value

The current guideline value of Jagannathan 8th 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 with a land classification of Residential Class II Type - I.

How the guideline value of Jagannathan 8th Cross Street has changed

The guideline value for Jagannathan 8th Cross Street has experienced several revisions over the years. Starting from the 2007 revision, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision. However, the value saw a decrease of 33% to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision set the value at Rs 2,500 per sq.ft, followed by an increase of 8% to the current value of Rs 2,700 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register 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 8th Cross Street is below this median.

• Jagannathan 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 9th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 3rd Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jagannathan 8th 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 would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Please note that the 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 8th Cross Street?

The Sub Registrar Office that covers Jagannathan 8th 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 an important factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the transaction is recorded accurately in the official register.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and documented in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Jagannathan 8th Cross Street?

The current guideline value of Jagannathan 8th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 700 per sq.ft in 2007, increasing to Rs 2,500 per sq.ft in 2012, then decreasing to Rs 1,675 per sq.ft in 2017, and finally rising to Rs 2,700 per sq.ft in 2024.

What is the land classification for Jagannathan 8th Cross Street?

Jagannathan 8th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Kolathur?

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