Guideline Value for John Street

John Street guideline value

The current guideline value of John Street in Rajakilpakkam village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class IV Type - II.

How the guideline value of John Street has changed

The guideline value for John Street has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023 and further rose to Rs 880 per sq.ft in 2024. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, and from 2023 to 2024, there was a notable increase of 47%. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. John Street's 2024 guideline value of Rs 880 per sq.ft is below this median.

• K.A.B Viswanathan Street: Rs 2,700 per sq.ft (2024)
• Kalaivani Street: Rs 1,300 per sq.ft (2024)
• Kamarajapuram Ambethkar Cross Street: Rs 1,900 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Kambar Cross Street: Rs 2,400 per sq.ft (2024)
• Kambar Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in John Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total fees together Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers John Street?

The Sub Registrar Office that covers John Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Rajakilpakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of John Street?

The current guideline value of John Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the classification of John Street?

John Street is classified as Residential Class IV Type - II under the Selaiyur SRO.

What are the stamp duty and registration fees for a property in John Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for John Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.