Guideline Value for Jagathambal Colony

Jagathambal Colony guideline value

The current guideline value of Jagathambal Colony, located in Ullagaram village under the Alandur SRO, is Rs 3,900 per sq.ft as per the 2024 revision. This land falls under the Residential Class I Type - III classification.

How the guideline value of Jagathambal Colony has changed

The guideline value for Jagathambal Colony has seen significant changes over the years. In 2002, the guideline value was Rs 249 per sq.ft, which increased to Rs 279 per sq.ft in 2003. Following this, the value surged to Rs 1,000 per sq.ft in 2007, marking a substantial increase of 258%. The value then rose to Rs 3,500 per sq.ft in 2012, a 250% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The 2023 revision set the value at Rs 3,500 per sq.ft, which then increased to Rs 3,900 per sq.ft in 2024, representing an 11% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1466%. The register has no figures for the revisions in years other than those specified.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, making the guideline value of Jagathambal Colony above this median.

• Jagathambal Nagar: Rs 3,900 per sq.ft (2024)
• Indira Street Main: Rs 2,200 per sq.ft (2024)
• Jayanthi Nagar 10th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 11th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 13th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jagathambal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Jagathambal Colony?

The Sub Registrar Office that covers Jagathambal Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The registration office uses this value to assess the appropriate fees, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jagathambal Colony?

The current guideline value of Jagathambal Colony is Rs 3,900 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 249 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1466% over this period.

What is the median guideline value for streets in Ullagaram?

The median guideline value for streets in Ullagaram is Rs 2,800 per sq.ft, with Jagathambal Colony's value being above this median.

What are the stamp duty and registration fees for properties in Jagathambal Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000, resulting in a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000, totaling Rs 3,51,000.

Which office handles registrations for properties in Jagathambal Colony?

The Alandur Sub Registrar Office handles registrations for properties in Jagathambal Colony, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.