Guideline Value for Jawahar Street

Jawahar Street guideline value

The current guideline value of Jawahar Street in Oragadam village, under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of Jawahar Street has changed

Over the years, the guideline value of Jawahar Street has seen significant changes. The 2007 revision set the value at Rs 600 per sq.ft, which then increased dramatically to Rs 2,200 per sq.ft in 2012, marking a 267% rise. However, this value dropped by 33% to Rs 1,474 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,200 per sq.ft, and the latest 2024 revision has increased it to Rs 2,400 per sq.ft, reflecting a 9% rise.

It is important to note that the register has no figures for Jawahar Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Jawahar Street's 2024 figure above this median. Below are the guideline values for other streets in Oragadam:

• Jayakumar Street: Rs 1,600 per sq.ft (2024)
• Jayalakshmi Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Jayaprakash Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Jeevanandham Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Jeevanandham Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Jeevanantham Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would amount to Rs 48,000, bringing the total fees to Rs 2,16,000. 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 Jawahar Street?

The Sub Registrar Office that covers Jawahar 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold, ensuring that the government receives the appropriate revenue from these transactions.

When you are registering a property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable duties and fees, which is an important factor for both buyers and sellers to consider during the transaction process.

Frequently asked questions

What is the current guideline value of Jawahar Street?

The current guideline value of Jawahar Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What are the stamp duty and registration fees for properties on Jawahar Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 24,00,000, the total fees would be Rs 2,16,000.

Which Sub Registrar Office handles registrations for Jawahar Street?

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

What is the land classification for Jawahar Street?

Jawahar Street is classified as Residential Special Type - I, indicating its designated use for residential purposes within the area.