Guideline Value for Jaheer Hussain Street

Jaheer Hussain Street guideline value

The current guideline value of Jaheer Hussain Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. It is classified as Residential Class I Type - II.

How the guideline value of Jaheer Hussain Street has changed

Historically, the guideline value for Jaheer Hussain Street has undergone several revisions. The earliest recorded figure is from the 2017 revision, which set the value at Rs 536 per sq.ft. The guideline value then increased to Rs 800 per sq.ft in the 2023 revision. The 2024 revision has maintained this value of Rs 800 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed in the last two revisions.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Jaheer Hussain Street above this median with its current value of Rs 800 per sq.ft.

• Irular Colony (Erikkarai Street): Rs 300 per sq.ft (2024)
• Jeeva Nagar: Rs 600 per sq.ft (2024)
• Jokkiyar Natham: Rs 300 per sq.ft (2024)
• Kadai Street Bazaar Veethi: Rs 1,250 per sq.ft (2024)
• Guberan Nagar: Rs 320 per sq.ft (2024)
• Kalvai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jaheer Hussain Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total charges Rs 72,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaheer Hussain Street?

The Sub Registrar Office that covers Jaheer Hussain Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jaheer Hussain Street?

The current guideline value of Jaheer Hussain Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023 and 2024, marking a 49% increase over this period.

What are the other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A include Irular Colony, Jeeva Nagar, Jokkiyar Natham, Kadai Street Bazaar Veethi, Guberan Nagar, and Kalvai Street, with varying guideline values.

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

The Sub Registrar Office for Jaheer Hussain Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.