Guideline Value for James Street

James Street guideline value

The current guideline value of James Street, located in Palavanthangal village under the Alandur SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of James Street has changed

Over the years, the guideline value of James Street has seen significant changes. In the 2007 revision, the value was set at Rs 750 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a substantial increase of 300%. However, the value then dropped to Rs 2,010 per sq.ft in the 2017 revision, a decrease of 33%. The guideline value rose again to Rs 3,000 per sq.ft in 2023, and further increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise.

The revisions for the years 2002 and 2003 do not have any figures recorded for James Street. From 2007 to 2024, the overall increase in the guideline value is 340%, showcasing the fluctuations in property values over the years.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. James Street's current guideline value is below this median.

• Jaihind Street: Rs 3,300 per sq.ft (2024)
• John Desigan Street: Rs 4,400 per sq.ft (2024)
• Joseph Street: Rs 3,900 per sq.ft (2024)
• Kabilar Street (alies) Yadhaval Street: Rs 3,900 per sq.ft (2024)
• G S T Road: Rs 11,000 per sq.ft (2024)
• Gopal Colony 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in James Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers James Street?

The Sub Registrar Office that covers James Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Palavanthangal. It determines the minimum value at which properties are registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of James Street?

The current guideline value of James Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 340%.

What are the stamp duty and registration fees for properties in James Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for James Street?

The Alandur Sub Registrar Office handles the registration for James Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What other streets have guideline values in Palavanthangal?

Other streets in Palavanthangal include Jaihind Street, John Desigan Street, Joseph Street, Kabilar Street (alies) Yadhaval Street, G S T Road, and Gopal Colony 3rd Street, each with their respective guideline values for 2024.