Guideline Value for Juleka Street

Juleka Street guideline value

The current guideline value of Juleka Street in Zaminpallavaram village, under the Pallavaram SRO, is Rs 2,160 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Juleka Street has changed

The guideline value for Juleka Street has seen several revisions over the years. The 2003 revision recorded a value of Rs 363 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The value then rose significantly to Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 2,160 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from the 2003 revision to the current 2024 guideline value, there has been a substantial increase of 495%. The register does not provide figures for the 2002 revision 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, with a median value of Rs 3,300 per sq.ft. Juleka Street's guideline value of Rs 2,160 per sq.ft is below this median.

• Kabaleswaran Nagar: Rs 3,300 per sq.ft (2024)
• Kabilar Street: Rs 3,300 per sq.ft (2024)
• Joy Nagar: Rs 3,520 per sq.ft (2024)
• Jothi Colony: Rs 3,520 per sq.ft (2024)
• Joseph Colony: Rs 3,300 per sq.ft (2024)
• Kakkilanchavadi: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Juleka Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. 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 Juleka Street?

The Sub Registrar Office that covers Juleka Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Zaminpallavaram, the guideline value is a crucial factor in determining the registration fees and stamp duty payable. The guideline value serves as a benchmark for the minimum value at which property transactions are registered, ensuring transparency and standardization in property dealings.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations during the transaction process. This value is regularly updated, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Juleka Street?

The current guideline value of Juleka Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 363 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 495% over this period.

What is the land classification of Juleka Street?

Juleka Street is classified under Residential Class III Type - I land classification.

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

The Sub Registrar Office for Juleka Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Juleka Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200.