Guideline Value for Jaihind Nagar 6th Street

Jaihind Nagar 6th Street guideline value

The current guideline value of Jaihind Nagar 6th 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 6th Street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure was reduced to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then saw a significant increase to Rs 600 per sq.ft in the 2023 revision, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, which is a 10% rise from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes from 2017 to 2023 reflect a notable increase of 49%, highlighting the fluctuations in the guideline values over the years.

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 aligns with the guideline value of Jaihind Nagar 6th Street.

• Jaihind Nagar 5th 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 4th Street: Rs 660 per sq.ft (2024)
• Jaihind Nagar Main Road: Rs 660 per sq.ft (2024)
• Jaihind Nagar 3rd 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)

Stamp duty and registration fee for property in Jaihind Nagar 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 details.

Which Sub Registrar Office covers Jaihind Nagar 6th Street?

The Sub Registrar Office that covers Jaihind Nagar 6th 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 is a crucial factor when registering a property in Old Gummidipoondi. It determines the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jaihind Nagar 6th Street?

The current guideline value of Jaihind Nagar 6th 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 seen several changes, 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 6th Street?

Jaihind Nagar 6th Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Jaihind Nagar 6th Street?

The Gummidipoondi Sub Registrar Office covers Jaihind Nagar 6th Street, 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 6th 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 Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000.