Guideline Value for Jagir Hussain Street

Jagir Hussain Street guideline value

The current guideline value of Jagir Hussain Street is Rs 1,500 per sq.ft. This street is located in Gooduvancheri village, which falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jagir Hussain Street has changed

According to the guideline value register, there are no figures available for Jagir Hussain Street for the years 2002, 2003, 2007, and 2012. The guideline value was Rs 1,005 per sq.ft in the 2017 revision, which saw an increase of 49% to the current value of Rs 1,500 per sq.ft in the 2023 and 2024 revisions, where it remained unchanged at +0%.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This consistency in the guideline value from 2023 to 2024 indicates stability in the pricing for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which aligns with the current guideline value of Jagir Hussain Street.

• Jagadeesh Nagar: Rs 2,001 per sq.ft (2024)
• Jesubatham Nagar: Rs 2,001 per sq.ft (2024)
• J.V.C. Avenue: Rs 1,200 per sq.ft (2024)
• Guduvancheri Extn: Rs 1,500 per sq.ft (2024)
• G.S.T. Road: Rs 3,500 per sq.ft (2024)
• Kamarajar Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jagir Hussain Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total charges Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jagir Hussain Street?

The Sub Registrar Office that covers Jagir Hussain Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Gooduvancheri. It serves as a basis for calculating the stamp duty and registration fees that buyers and sellers must pay when transferring ownership of a property.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Jagir Hussain Street?

The current guideline value of Jagir Hussain Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 1,005 per sq.ft in 2017 to the current value.

What is the land classification for Jagir Hussain Street?

The land classification for Jagir Hussain Street is Residential Special Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office located for this street?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.