Guideline Value for Jagir Hussain Street

Jagir Hussain Street guideline value

The current guideline value of Jagir Hussain Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jagir Hussain Street has changed

The guideline value for Jagir Hussain Street has seen several revisions over the years. Starting from the earliest revision in 2002, the value was Rs 307 per sq.ft. This increased to Rs 378 per sq.ft in 2003, marking a change of +23%. Following this, the value rose significantly to Rs 750 per sq.ft in 2007, which was a change of +98%. The next revision in 2012 saw a decrease to Rs 3,000 per sq.ft, reflecting a drop of -300%. However, the value increased again to Rs 2,010 per sq.ft in 2017, a rise of +49%. The most recent revision in 2023 set the value at Rs 3,000 per sq.ft, followed by the current value of Rs 3,300 per sq.ft in 2024, which is an increase of +10%.

There are no figures available for the revisions in the years not listed, and thus the register has no figure for those years.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Jagir Hussain Street.

• Jarusalam Nagar: Rs 2,200 per sq.ft (2024)
• Jeeva Street: Rs 4,400 per sq.ft (2024)
• Indira Colony: Rs 1,320 per sq.ft (2024)
• Johnson Street: Rs 4,400 per sq.ft (2024)
• IDPL Nagar Ext: Rs 1,320 per sq.ft (2024)
• Idpl Nagar: Rs 1,320 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 3,300 per sq.ft, the guideline value totals Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the 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 information.

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 details.

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

The guideline value is a crucial factor when buying or selling property in Tambaram. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When a property is sold, the selling price must be at least equal to the guideline value to ensure compliance with the registration requirements. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jagir Hussain Street?

The current guideline value of Jagir Hussain Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 307 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +975%.

What is the land classification for Jagir Hussain Street?

Jagir Hussain Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

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.