Guideline Value for Jamal Mohamed Mohideen Street

Jamal Mohamed Mohideen Street guideline value

The current guideline value of Jamal Mohamed Mohideen Street is Rs 3,900 per sq.ft. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Jamal Mohamed Mohideen Street has changed

The guideline value for Jamal Mohamed Mohideen Street has undergone several revisions over the years. The earliest figure available is from 2002, with a guideline value of Rs 508 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2007, marking a 97% rise. The value then saw a substantial increase to Rs 3,600 per sq.ft in 2012, reflecting a 260% change. However, it decreased to Rs 2,412 per sq.ft in 2017, which was a 33% drop. The value then increased again to Rs 3,600 per sq.ft in 2023, a 49% rise, and currently stands at Rs 3,900 per sq.ft from the 2024 revision, which is an 8% increase.

The register has no figure for Jamal Mohamed Mohideen Street for the year 2003. Overall, from 2002 to 2024, the guideline value has increased by 668%.

Guideline values in Egmore

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

• JamalMohammed Hussain Street: Rs 3,900 per sq.ft (2024)
• JailWardenquarters: Rs 6,300 per sq.ft (2024)
• Jaganathanpuram 6thstreet: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram5th 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 Jamal Mohamed Mohideen Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jamal Mohamed Mohideen Street?

The Sub Registrar Office that covers Jamal Mohamed Mohideen Street is 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 when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to assess the applicable stamp duty and registration fees. It is essential for both parties in the transaction to agree on a sale price that meets or exceeds the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Jamal Mohamed Mohideen Street?

The current guideline value of Jamal Mohamed Mohideen Street is Rs 3,900 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 508 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 668%.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 39,00,000. The stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office handles registrations for this street?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles registrations for Jamal Mohamed Mohideen Street.

What is the land classification for Jamal Mohamed Mohideen Street?

The land classification for Jamal Mohamed Mohideen Street is Residential Class III Type - I.