Guideline Value

Corporate

Guideline Value for Jaguar City

₹2625/sq.ft.

The guideline value for Jaguar City in Thirumazhisai village (Poonamallee SRO, Chennai zone) is Rs 2625 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 119% change. The land classification is Residential Class Iv Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumazhisai

Village

Poonamallee

SRO

Residential Class IV Type - IV
History
Period Guideline Value
From 1-7-2024 ₹2625 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jaguar City

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Jaguar City guideline value

The current guideline value of Jaguar City, located in Thirumazhisai village under the Poonamallee SRO, is Rs 2,625 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - IV land classification.

How the guideline value of Jaguar City has changed

Over the years, the guideline value for Jaguar City has seen significant changes. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, which marked a substantial increase from the previous years. The latest revision in 2024 raised this figure to Rs 2,625 per sq.ft, reflecting an increase of 119% from the 2023 value.

This considerable jump in the guideline value indicates a notable shift in property valuation in the area. The current figure of Rs 2,625 per sq.ft is now significantly higher than the previous years, showcasing the evolving landscape of real estate in Jaguar City.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Jaguar City above this median. Below are the guideline values for other streets in Thirumazhisai:

Stamp duty and registration fee for property in Jaguar City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,625 per sq.ft, the total guideline value amounts to Rs 26,25,000. The stamp duty, charged at 7%, would be Rs 1,83,750, while the registration fee at 2% would be Rs 52,500, bringing the total cost for these fees to Rs 2,36,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaguar City?

The Sub Registrar Office that covers Jaguar City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumazhisai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on the official valuation rather than the sale price alone.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the overall cost of property transactions. Understanding this value can help in budgeting for the additional expenses that come with property registration.

Frequently asked questions

What is the current guideline value of Jaguar City?

The current guideline value of Jaguar City is Rs 2,625 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision of Rs 1,200 per sq.ft to the 2024 revision of Rs 2,625 per sq.ft, there has been an increase of 119% in the guideline value.

What is the median guideline value in Thirumazhisai?

The median guideline value for the 86 streets in Thirumazhisai is Rs 1,320 per sq.ft, with Jaguar City being above this median value.

What are the stamp duty and registration fees for a property in Jaguar City?

For a property valued at Rs 26,25,000, the stamp duty would be Rs 1,83,750 and the registration fee would be Rs 52,500, totaling Rs 2,36,250.

Which Sub Registrar Office should I visit for Jaguar City?

The Poonamallee Sub Registrar Office covers Jaguar City, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.