Guideline Value for JamalMohammed Hussain Street

JamalMohammed Hussain Street guideline value

The current guideline value of JamalMohammed Hussain Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - I.

How the guideline value of JamalMohammed Hussain Street has changed

The guideline value for JamalMohammed Hussain Street has undergone several revisions over the years. In 2002, the value was Rs 601 per sq.ft, which increased to Rs 663 per sq.ft in 2003. Following that, the value rose to Rs 1,000 per sq.ft in 2007, and then significantly increased to Rs 3,600 per sq.ft in 2012. However, it decreased to Rs 2,412 per sq.ft in 2017, before rising again to Rs 3,600 per sq.ft in 2023.

The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, marking an 8% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 549%.

Guideline values in Egmore

In Egmore village, 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 guideline value for these streets is Rs 7,100 per sq.ft, placing JamalMohammed Hussain Street's 2024 figure below this median.

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

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

Which Sub Registrar Office covers JamalMohammed Hussain Street?

The Sub Registrar Office that covers JamalMohammed Hussain 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 during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of JamalMohammed Hussain Street?

The current guideline value of JamalMohammed Hussain 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 seen several revisions, starting from Rs 601 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking a significant overall increase of 549% over this period.

What is the land classification for JamalMohammed Hussain Street?

JamalMohammed Hussain Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for JamalMohammed Hussain Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties on this street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.