Guideline Value for Jaihind Nagar 3rd Street

Jaihind Nagar 3rd Street guideline value

The current guideline value of Jaihind Nagar 3rd Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jaihind Nagar 3rd Street has changed

The guideline value for Jaihind Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, there were no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,210 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the current value of Jaihind Nagar 3rd Street.

• Jai Hind Nagar 2nd Street Ward No.13 Door No.1-25: Rs 660 per sq.ft (2024)
• Jaihind Nagar 4th Street: Rs 660 per sq.ft (2024)
• Jaihind Nagar 5th Street: Rs 660 per sq.ft (2024)
• Jaihind Nagar 6th Street: Rs 660 per sq.ft (2024)
• Jai Hind Nagar Ist Street Ward No.13 Door No.1-8: Rs 660 per sq.ft (2024)
• Jaihind Nagar Main Road: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jaihind Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaihind Nagar 3rd Street?

The Sub Registrar Office that covers Jaihind Nagar 3rd Street is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Old Gummidipoondi. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During registration, the authorities will assess the property based on the guideline value, which serves as a benchmark for valuation. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Jaihind Nagar 3rd Street?

The current guideline value of Jaihind Nagar 3rd Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Jaihind Nagar 3rd Street?

Jaihind Nagar 3rd Street is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Gummidipoondi Sub Registrar Office?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for properties in Jaihind Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 6,60,000, leading to a stamp duty of Rs 46,200.