Guideline Value for Jesudhasan Street

Jesudhasan Street guideline value

The current guideline value of Jesudhasan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Jesudhasan Street has changed

Over the years, the guideline value of Jesudhasan Street has experienced several revisions. The earliest recorded figure is from 2003, where the value was Rs 554 per sq.ft. In 2007, the value increased significantly to Rs 1,000 per sq.ft, marking a growth of 81%. The value then saw a substantial rise to Rs 3,000 per sq.ft in 2012, which was a 200% increase from the previous revision. However, in 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. By 2023, the guideline value rose again to Rs 3,000 per sq.ft, and in the latest 2024 revision, it has reached Rs 3,300 per sq.ft, showing a 10% increase from the previous year. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 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, which is equal to the 2024 guideline value of Jesudhasan Street.

• Jesupatham Street: Rs 3,300 per sq.ft (2024)
• Joseph Colony: Rs 3,300 per sq.ft (2024)
• Jothi Colony: Rs 3,520 per sq.ft (2024)
• Joy Nagar: Rs 3,520 per sq.ft (2024)
• Jayalakshmi Street: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jesudhasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jesudhasan Street?

The Sub Registrar Office that covers Jesudhasan 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 plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When a property transaction occurs, the buyer and seller must consider the guideline value to calculate the applicable duties and fees. The registration office uses this value to assess the transaction, ensuring compliance with local regulations and fair taxation.

Frequently asked questions

What is the current guideline value of Jesudhasan Street?

The current guideline value of Jesudhasan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 554 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 496% over the years.

What is the land classification for Jesudhasan Street?

Jesudhasan Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office for Jesudhasan 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 on Jesudhasan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.