Guideline Value for Jandravar Street

Jandravar Street guideline value

The current guideline value of Jandravar Street in Satthankadu village, under the Thiruvottiyur SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - II land classification.

How the guideline value of Jandravar Street has changed

Over the years, the guideline value of Jandravar Street has seen several revisions. The 2007 revision recorded a value of Rs 800 per sq.ft, which significantly increased to Rs 2,600 per sq.ft in the 2012 revision, marking a rise of 225%. However, the value then decreased by 33% to Rs 1,742 per sq.ft in the 2017 revision. Following that, the 2023 revision set the value at Rs 2,600 per sq.ft, which was an increase of 49%. The most recent 2024 revision has further raised the guideline value to Rs 2,800 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,400 per sq.ft. Jandravar Street's 2024 figure of Rs 2,800 per sq.ft is below this median.

• Janagiammal Estate: Rs 3,400 per sq.ft (2024)
• Jagannatha Gramani Thottam: Rs 3,400 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 3,400 per sq.ft (2024)
• Iluppai Thopu: Rs 3,400 per sq.ft (2024)
• GirijaNagar: Rs 3,400 per sq.ft (2024)
• Ganthi Nagar Link Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jandravar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, the total cost for stamp duty and registration fee would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jandravar Street?

The Sub Registrar Office that covers Jandravar Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Satthankadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall transaction costs. Buyers should ensure that the sale price is not below the guideline value to avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of Jandravar Street?

The current guideline value of Jandravar Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 250%.

What is the median guideline value in Satthankadu?

The median guideline value in Satthankadu is Rs 3,400 per sq.ft, which is higher than the current value of Jandravar Street.

What are the stamp duty and registration fees for a property in Jandravar Street?

The stamp duty is calculated at 7% and the registration fee at 2% based on the guideline value. For a 1,000 sq.ft plot, the total for these fees would be Rs 2,52,000.

Where can I find the Sub Registrar Office for Jandravar Street?

The Thiruvottiyur Sub Registrar Office covers Jandravar Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.