Guideline Value for Janab Ismail Street

Janab Ismail Street guideline value

The current guideline value of Janab Ismail Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Janab Ismail Street has changed

The guideline value for Janab Ismail Street has undergone several revisions over the years. In 2003, the value was Rs 680 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value rose significantly to Rs 2,500 per sq.ft in 2012, but then saw a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. Notably, there are no figures available for the 2002 revision for this street.

From 2017 to 2023, the value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a substantial 150%. Between 2003 and 2007, the value rose by 47%. Overall, from 2003 to 2024, the guideline value has increased by 297%.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram has a range of guideline values across its 81 streets, with figures for 2024 varying from Rs 1,650 to Rs 11,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which aligns with the current guideline value of Janab Ismail Street.

• Jaganthan Street: Rs 3,300 per sq.ft (2024)
• Ismoil Street: Rs 3,300 per sq.ft (2024)
• Jeeva Nagar: Rs 2,700 per sq.ft (2024)
• Indragandhi Road: Rs 5,500 per sq.ft (2024)
• Hussain Saheb St: Rs 2,700 per sq.ft (2024)
• Hospital Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Janab Ismail Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janab Ismail Street?

The Sub Registrar Office that covers Janab Ismail Street is 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 Cantonment Pallavaram

The guideline value is a crucial factor in property transactions in Cantonment Pallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers need to be aware of the guideline value to ensure compliance with registration requirements.

When a property is bought or sold, 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, reflecting the value of the property as determined by the latest revisions.

Frequently asked questions

What is the current guideline value of Janab Ismail Street?

The current guideline value of Janab Ismail Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 680 per sq.ft in 2003 to the current Rs 2,700 per sq.ft in 2024, with notable increases and decreases in between.

What is the land classification for Janab Ismail Street?

Janab Ismail Street is classified as Residential Class II Type - I.

Where can I find the registration office for Janab Ismail Street?

The registration office for Janab Ismail Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Janab Ismail Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 27,00,000, leading to a stamp duty of Rs 1,89,000.