Guideline Value for Javvadhu Hussain Street

Javvadhu Hussain Street guideline value

The current guideline value of Javvadhu Hussain Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Javvadhu Hussain Street has changed

The guideline value of Javvadhu Hussain Street has seen several revisions over the years. In 2003, the value was Rs 303 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The value then rose significantly to Rs 2,000 per sq.ft in 2012, before dropping to Rs 1,340 per sq.ft in 2017. The most recent revision in 2024 set the value at Rs 2,160 per sq.ft, reflecting a 61% increase from the 2017 figure.

Between the revisions, the changes were notable. From 2003 to 2007, there was an increase of 98%, followed by a substantial rise of 233% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2003 to 2024, the guideline value has increased by 613%. The register has no figures for the years 2023 and 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Javvadhu Hussain Street's 2024 figure below that median.

• Jayalakshmi Avenue: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Street: Rs 3,300 per sq.ft (2024)
• Jagath Avenue 1 To 4 Streets: Rs 2,750 per sq.ft (2024)
• Iyswarya Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Javvadhu Hussain Street

For a 1,000 sq.ft plot at the current rate of Rs 2,160 per sq.ft, the guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, totaling Rs 1,94,400. 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 Javvadhu Hussain Street?

The Sub Registrar Office that covers Javvadhu Hussain Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on a standardized valuation.

During the registration process, buyers and sellers must be aware that the stamp duty is charged on either the guideline value or the sale price, depending on which is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Javvadhu Hussain Street?

The current guideline value of Javvadhu Hussain Street is Rs 2,160 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 303 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 613% over the years.

What is the land classification for Javvadhu Hussain Street?

The land classification for Javvadhu Hussain Street is Residential Class III Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Javvadhu Hussain Street?

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

How is the stamp duty calculated for properties in this area?

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 at the current rate, the total stamp duty and registration fees would amount to Rs 1,94,400.