Guideline Value for John Victor Street

John Victor Street guideline value

The current guideline value for John Victor Street in Kathirvedu village, under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified under Residential Class IV Type - I.

How the guideline value of John Victor Street has changed

The guideline value for John Victor Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The subsequent revision in 2023 raised the value to Rs 1,000 per sq.ft, and the latest revision in 2024 increased it further to Rs 1,100 per sq.ft, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Kathirvedu

Kathirvedu has a total of 78 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing John Victor Street's 2024 figure below that median.

• J.P. Nagar: Rs 2,200 per sq.ft (2024)
• J.P. Nagar Extension: Rs 2,200 per sq.ft (2024)
• Jayavel Nagar: Rs 1,300 per sq.ft (2024)
• Jai Maruthi Nagar Annex: Rs 2,700 per sq.ft (2024)
• Jai Maruthi Nagar: Rs 2,000 per sq.ft (2024)
• INTUC now Gomathiamman Nagar: Rs 1,742 per sq.ft (2024)

Stamp duty and registration fee for property in John Victor Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers John Victor Street?

The Sub Registrar Office that covers John Victor 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 additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Kathirvedu. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold, ensuring that the transaction is recorded at a fair value as per government regulations.

When buyers and sellers agree on a sale price, the higher value between the sale price and the guideline value is taken into account for calculating the stamp duty. This ensures compliance with legal requirements and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for John Victor Street?

The current guideline value for John Victor Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for John Victor Street?

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

What is the median guideline value for streets in Kathirvedu?

The median guideline value for streets in Kathirvedu is Rs 1,500 per sq.ft, with John Victor Street's current value being below this median.