Guideline Value for Jawagar Street

Jawagar Street guideline value

The current guideline value of Jawagar Street in Ambattur village, under the Ambattur SRO, is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is classified as Mixed Type - I.

How the guideline value of Jawagar Street has changed

The guideline value for Jawagar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 4,200 per sq.ft. This was followed by a decrease to Rs 2,814 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 4,200 per sq.ft, and the latest revision in 2024 raised it to Rs 4,600 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 represents a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Jawagar Street's 2024 figure of Rs 4,600 per sq.ft is above this median.

• Jayalakshmi Street: Rs 3,600 per sq.ft (2024)
• jayalalitha Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Jayaram Nagar: Rs 1,600 per sq.ft (2024)
• Jeevarathnam Street: Rs 3,600 per sq.ft (2024)
• Industrial Estate (North Phase): Rs 5,400 per sq.ft (2024)
• Industrial Estate 3rd Main Road: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jawagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jawagar Street?

The Sub Registrar Office that covers Jawagar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Ambattur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Jawagar Street?

The current guideline value of Jawagar Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification for Jawagar Street?

Jawagar Street is classified as Mixed Type - I.

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

The Sub Registrar Office for Jawagar Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Jawagar 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 at the current guideline value, the total guideline value would be Rs 46,00,000, leading to a stamp duty of Rs 3,22,000.