Guideline Value for Jasvath street

Jasvath street guideline value

The current guideline value of Jasvath street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Jasvath street has changed

The guideline value for Jasvath street has undergone several revisions since 2007. In the 2007 revision, the guideline value was set at Rs 600 per sq.ft. This increased to Rs 804 per sq.ft in the 2017 revision, marking a change of +34%. The most recent revision in 2024 has raised the value to Rs 1,300 per sq.ft, reflecting a significant increase of +62% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by +117%.

It is important to note that the register has no figures for the years 2002, 2003, 2012, and 2023 for Jasvath street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Jasvath street's 2024 figure below that median.

• Jayaram street: Rs 2,200 per sq.ft (2024)
• Jeer Street: Rs 1,300 per sq.ft (2024)
• Jaganathan Street: Rs 2,200 per sq.ft (2024)
• Jeeva Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 4th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jasvath street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jasvath street?

The Sub Registrar Office that covers Jasvath street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Tondaiarpet. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider the guideline value when negotiating property prices to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Jasvath street?

The current guideline value of Jasvath street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 1,300 per sq.ft in 2024, representing a total increase of +117% over the years.

What are the other streets in Tondaiarpet with similar guideline values?

Other streets in Tondaiarpet with a guideline value of Rs 1,300 per sq.ft include Jeer Street, Jeeva Nagar 2nd Street, Jeeva Nagar 3rd Street, and Jeeva Nagar 4th Street.

What is the stamp duty rate for properties in Jasvath street?

The stamp duty rate for properties in Jasvath street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Jasvath street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.