Guideline Value for Jahangir street[2nd line Beech]

Jahangir street[2nd line Beech] guideline value

The current guideline value of Jahangir street[2nd line Beech] is Rs 15,900 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village and falls under the Chennai North Joint I SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Jahangir street[2nd line Beech] has changed

In the 2007 revision, the guideline value was Rs 5,500 per sq.ft. This figure increased significantly to Rs 14,500 per sq.ft in the 2012 revision, marking a 164% rise. However, in the 2017 revision, the value decreased to Rs 9,715 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 14,500 per sq.ft in the 2023 revision, showing a 49% increase. Finally, the current figure of Rs 15,900 per sq.ft in the 2024 revision indicates a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 189%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Muthialpet

In Muthialpet, there are 160 streets under the Chennai North Joint I SRO that carry a 2024 guideline value ranging from Rs 3,800 to Rs 18,000 per sq.ft, with a median of Rs 5,500 per sq.ft. Jahangir street[2nd line Beech] has a 2024 guideline value that is above this median.

• Jahangir lane*: Rs 15,900 per sq.ft (2024)
• Jaffer lane Masthan lane: Rs 4,900 per sq.ft (2024)
• Jaffar Sarang street: Rs 14,800 per sq.ft (2024)
• Jaffar Sarang lane: Rs 7,700 per sq.ft (2024)
• Javer Street(Gopal Chetty Street): Rs 4,900 per sq.ft (2024)
• Ibrahim Salai 2nd lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jahangir street[2nd line Beech]

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value would be Rs 1,59,00,000. The stamp duty at 7% would amount to Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total amount to Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Jahangir street[2nd line Beech]?

The Sub Registrar Office covering Jahangir street[2nd line Beech] is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthialpet. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Jahangir street[2nd line Beech]?

The current guideline value of Jahangir street[2nd line Beech] is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 5,500 per sq.ft to Rs 15,900 per sq.ft in 2024, marking an overall increase of 189%.

What is the land classification for Jahangir street[2nd line Beech]?

The land classification for Jahangir street[2nd line Beech] is Commercial Class I Type - II.

Where can I find the registration office for Jahangir street[2nd line Beech]?

The registration office for Jahangir street[2nd line Beech] is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.

How is the stamp duty calculated for properties in Muthialpet?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 1,59,00,000 would incur a stamp duty of Rs 11,13,000 at a rate of 7%.