Guideline Value for Jupiter Street

Jupiter Street guideline value

The current guideline value of Jupiter Street in Oragadam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Jupiter Street has changed

The guideline value of Jupiter Street has seen several revisions over the years. Starting with the 2012 revision, the value was set at Rs 1,500 per sq.ft. This value dropped to Rs 1,005 per sq.ft in 2017, marking a significant decrease of 33%. However, it rebounded to Rs 1,500 per sq.ft in the 2023 revision, and most recently, in 2024, it has increased to Rs 1,600 per sq.ft, representing a 7% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 7%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Jupiter Street's 2024 figure below that median.

• Kabilar Street (Pudur): Rs 1,900 per sq.ft (2024)
• Kabilar Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Kadharmohideen St: Rs 1,600 per sq.ft (2024)
• Jothi Venkatachalam Street: Rs 1,600 per sq.ft (2024)
• Kakkanji Street (11th Ward): Rs 1,600 per sq.ft (2024)
• Kakkanji Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jupiter Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jupiter Street?

The Ambattur Sub Registrar Office covers Jupiter Street. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives due revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions, as it provides a standardized measure for all properties within the region.

Frequently asked questions

What is the current guideline value of Jupiter Street?

The current guideline value of Jupiter Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Jupiter Street?

Jupiter Street is classified as Residential Class II Type - I according to the guideline value register.

Where can I find the registration office for Jupiter Street?

The registration office for Jupiter Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,600 per sq.ft would incur a total stamp duty of Rs 1,12,000.