Guideline Value for Jagannathan 9th Cross Street

Jagannathan 9th Cross Street guideline value

The current guideline value of Jagannathan 9th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jagannathan 9th Cross Street has changed

The guideline value for Jagannathan 9th Cross Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 2,700 per sq.ft. The register has no figures for the years 2002 and 2003.

Between the revisions, the changes are notable. The increase from 2023 to 2024 was +8%. The value rose by +49% from 2017 to 2023, while it saw a decrease of -33% from 2012 to 2017. The jump from 2007 to 2012 was +257%, and 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 with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Jagannathan 9th Cross Street below this median.

• Jagannathan 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 7th 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 9th 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, 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.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jagannathan 9th Cross Street?

The Sub Registrar Office that covers Jagannathan 9th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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 that are applicable during the sale or purchase of a property.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jagannathan 9th Cross Street?

The current guideline value of Jagannathan 9th 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 changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +286% over this period.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Jagannathan 9th Cross Street?

The Sembiam Sub Registrar Office handles registrations for Jagannathan 9th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. The higher of the guideline value or the sale price is used for calculating these fees.