Guideline Value

Corporate

Guideline Value for Jain Nagar 1st Main Road

₹2970/sq.ft.

The guideline value for Jain Nagar 1st Main Road in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹525 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Jain Nagar 1st Main Road

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Jain Nagar 1st Main Road guideline value

The current guideline value of Jain Nagar 1st Main Road is Rs 2,970 per sq.ft. This street is located in Hastinapuram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jain Nagar 1st Main Road has changed

The guideline value for Jain Nagar 1st Main Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 525 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a rise of 414%. However, the value then dropped to Rs 1,809 per sq.ft in 2017, which was a decrease of 33%. The subsequent revision in 2023 saw the value rise to Rs 2,700 per sq.ft, and the latest revision effective from 1 July 2024 has set the guideline value at Rs 2,970 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Jain Nagar 1st Main Road in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 466%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO carrying a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, which is equal to the guideline value of Jain Nagar 1st Main Road.

Stamp duty and registration fee for property in Jain Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Jain Nagar 1st Main Road?

The Jain Nagar 1st Main Road falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at an appropriate value.

When you approach the registration office, the guideline value will be used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both the buyer and seller are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Jain Nagar 1st Main Road?

The current guideline value of Jain Nagar 1st Main Road is Rs 2,970 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 525 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking an overall increase of 466% over the years.

What are the stamp duty rates for property in Jain Nagar 1st Main Road?

The stamp duty for property transactions in Jain Nagar 1st Main Road is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Jain Nagar 1st Main Road?

The Pallavaram Sub Registrar Office handles registrations for Jain Nagar 1st Main Road, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Jain Nagar 1st Main Road?

The land classification for Jain Nagar 1st Main Road is Residential Class I Type - I, indicating its suitability for residential development.