Guideline Value for Jakeer Hussain Street

Jakeer Hussain Street guideline value

The current guideline value of Jakeer Hussain Street is Rs 1,200 per sq.ft. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jakeer Hussain Street has changed

The guideline value for Jakeer Hussain Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 140% rise. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, a decline of 33%. The value then rose again to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

It is important to note that there are no figures available for Jakeer Hussain Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 140%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Jakeer Hussain Street is below this median.

• Janak Pushpa Shanthi Nagar: Rs 3,500 per sq.ft (2024)
• Iswarya Nagar Extn: Rs 2,000 per sq.ft (2024)
• Jayasundar Avenue: Rs 1,000 per sq.ft (2024)
• Ishwarya Nagar: Rs 1,200 per sq.ft (2024)
• Jegadesh Nagar: Rs 1,000 per sq.ft (2024)
• Jesuraja Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jakeer Hussain Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. 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 Jakeer Hussain Street?

The Sub Registrar Office that covers Jakeer Hussain Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value of the property for registration purposes. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, which is based on the established guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Jakeer Hussain Street?

The current guideline value of Jakeer Hussain Street is Rs 1,200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012. It then decreased to Rs 804 per sq.ft in 2017, before returning to Rs 1,200 per sq.ft in both 2023 and 2024.

What is the land classification for Jakeer Hussain Street?

Jakeer Hussain Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties on this street?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

Which office handles the registration for Jakeer Hussain Street?

The Gooduvancheri Sub Registrar Office handles the registration for Jakeer Hussain Street, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.