Guideline Value for Jaihind Street

Jaihind Street guideline value

The current guideline value of Jaihind Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jaihind Street has changed

The guideline value for Jaihind Street has undergone several revisions over the years. The 2007 revision set the value at Rs 750 per sq.ft, which then increased significantly to Rs 3,000 per sq.ft in 2012, marking a 300% rise. However, the value decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. Following this, the 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Jaihind Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Jaihind Street's 2024 figure below that median.

• James Street: Rs 3,300 per sq.ft (2024)
• John Desigan Street: Rs 4,400 per sq.ft (2024)
• Joseph Street: Rs 3,900 per sq.ft (2024)
• G S T Road: Rs 11,000 per sq.ft (2024)
• Kabilar Street (alies) Yadhaval Street: Rs 3,900 per sq.ft (2024)
• Gopal Colony 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jaihind Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaihind Street?

The Sub Registrar Office that covers Jaihind Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Palavanthangal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the appropriate fees are calculated based on the current rates. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Jaihind Street?

The current guideline value of Jaihind Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the other streets in Palavanthangal with their guideline values?

Other streets in Palavanthangal include James Street at Rs 3,300 per sq.ft, John Desigan Street at Rs 4,400 per sq.ft, and G S T Road at Rs 11,000 per sq.ft, among others.

What are the stamp duty and registration fees for property in Jaihind Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Jaihind Street?

The registration for Jaihind Street is handled by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.