Guideline Value for John Desigan Street

John Desigan Street guideline value

The current guideline value of John Desigan Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of John Desigan Street has changed

The guideline value for John Desigan Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,350 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision. However, this figure dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision saw a rise to Rs 4,000 per sq.ft, and the latest 2024 revision set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 226%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, making John Desigan Street's 2024 figure above that median.

• Joseph Street: Rs 3,900 per sq.ft (2024)
• Kabilar Street (alies) Yadhaval Street: Rs 3,900 per sq.ft (2024)
• James Street: Rs 3,300 per sq.ft (2024)
• Jaihind Street: Rs 3,300 per sq.ft (2024)
• Kannaiyaa Street Lane: Rs 3,900 per sq.ft (2024)
• Kannan Colony: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in John Desigan Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 John Desigan Street?

The Sub Registrar Office covering John Desigan Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Palavanthangal. 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.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of John Desigan Street?

The current guideline value of John Desigan Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,350 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking a total increase of 226% over the years.

What is the land classification of John Desigan Street?

John Desigan Street is classified as Residential Class I Type - II under the Alandur SRO.

Where can I find the registration office for John Desigan Street?

The registration office for John Desigan Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in John Desigan Street?

Stamp duty for properties in John Desigan Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.