Guideline Value for JailWardenquarters

JailWardenquarters guideline value

The current guideline value of JailWardenquarters is Rs 6,300 per sq.ft, effective from 1 July 2024. This area is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - II.

How the guideline value of JailWardenquarters has changed

Since the 2002 revision, the guideline value for JailWardenquarters has seen significant changes. In 2002, the guideline value was Rs 749 per sq.ft, which increased to Rs 826 per sq.ft in 2003, marking a 10% rise. The value continued to rise to Rs 1,500 per sq.ft in 2007, reflecting an 82% increase. However, from 2007 to 2012, the value jumped to Rs 5,800 per sq.ft, a remarkable increase of 287%. In 2017, the value saw a decrease to Rs 3,886 per sq.ft, a drop of 33%. The guideline value then rose to Rs 5,800 per sq.ft in 2023, and finally, it reached Rs 6,300 per sq.ft in 2024, representing a 9% increase.

There are no figures available for revisions in years not listed. The overall change from 2002 to 2024 is an increase of 741%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing JailWardenquarters' 2024 figure below that median.

• Jamal Mohamed Mohideen Street: Rs 3,900 per sq.ft (2024)
• JamalMohammed Hussain Street: Rs 3,900 per sq.ft (2024)
• Jaganathanpuram 6th street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 5th street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 4th street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 3rd street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in JailWardenquarters

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total cost for these fees to Rs 5,67,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers JailWardenquarters?

The JailWardenquarters area falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Egmore, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. This ensures that both parties comply with the legal requirements set by the registration authorities.

Frequently asked questions

What is the current guideline value of JailWardenquarters?

The current guideline value of JailWardenquarters is Rs 6,300 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 significantly, with an overall increase of 741% from 2002 to 2024. The most recent revision in 2024 saw a 9% increase from the previous year.

Where can I find the registration office for JailWardenquarters?

The registration office for JailWardenquarters is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in JailWardenquarters is set at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

How do I calculate the total fees for property registration?

To calculate the total fees for property registration, you can use the guideline value to determine the stamp duty and registration fees. A calculator is available at the stamp duty and registration fee calculator for more precise calculations.