Guideline Value for Jagir Hussain Street

Jagir Hussain Street guideline value

The current guideline value of Jagir Hussain Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Jagir Hussain Street has changed

The guideline value for Jagir Hussain Street has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant jump of 100%. However, in 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 120%, demonstrating how the values have fluctuated over time. The 2024 guideline value of Rs 1,320 per sq.ft is a notable increase from the Rs 804 per sq.ft recorded in 2017, which represents a 49% rise over that period.

Guideline values in Kadaperi

In Kadaperi village, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Jagir Hussain Street is below this median.

• Janakiammal Street: Rs 1,320 per sq.ft (2024)
• Jaya Street: Rs 1,320 per sq.ft (2024)
• Housing scheme F.T.Z.Phase 3: Rs 1,320 per sq.ft (2024)
• Kadapon Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Kadhar Bai Street: Rs 2,750 per sq.ft (2024)
• Kadhar Bhasha Lane: Rs 1,100 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jagir Hussain Street?

The Sub Registrar Office that covers Jagir Hussain Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kadaperi, as it determines the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Jagir Hussain Street?

The current guideline value of Jagir Hussain Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value of Jagir Hussain Street has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 120%.

What are the other streets in Kadaperi with similar guideline values?

Other streets in Kadaperi with similar guideline values include Janakiammal Street, Jaya Street, and Housing scheme F.T.Z.Phase 3, all at Rs 1,320 per sq.ft for 2024.

How is the stamp duty calculated for properties in Jagir Hussain Street?

Stamp duty for properties in Jagir Hussain Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 92,400.

Where can I find the Sub Registrar Office for Jagir Hussain Street?

The Sub Registrar Office for Jagir Hussain Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.