Guideline Value for Jaihind Nagar 4th Street

Jaihind Nagar 4th Street guideline value

The current guideline value of Jaihind Nagar 4th 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 4th Street has changed

The guideline value for Jaihind Nagar 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 660 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change is a 10% increase. The 2017 to 2023 period saw a significant rise of 49%, while the transition from 2012 to 2017 experienced a decrease of 33%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

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 value is Rs 660 per sq.ft, which is the same as the guideline value for Jaihind Nagar 4th Street.

• Jaihind Nagar 3rd Street: Rs 660 per sq.ft (2024)
• Jaihind Nagar 5th Street: Rs 660 per sq.ft (2024)
• Jai Hind Nagar 2nd Street Ward No.13 Door No.1-25: 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty, charged at 7%, would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, the total cost for these fees would be Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jaihind Nagar 4th Street?

The Sub Registrar Office that covers Jaihind Nagar 4th Street is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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 when buying or selling property in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. 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 Jaihind Nagar 4th Street?

The current guideline value of Jaihind Nagar 4th Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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 back 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 4th Street?

Jaihind Nagar 4th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 59,400.

Which office handles property registrations for Jaihind Nagar 4th Street?

The Gummidipoondi Sub Registrar Office handles property registrations for Jaihind Nagar 4th Street, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.