Guideline Value for Old JailWardenQuarters

Old JailWardenQuarters guideline value

The current guideline value for Old JailWardenQuarters is Rs 6,300 per sq.ft, effective from 1 July 2024. This area is located in Egmore village and falls under the Periamet SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Old JailWardenQuarters has changed

The guideline value for Old JailWardenQuarters has seen significant changes over the years. The earliest recorded figure is from 2002, set at Rs 749 per sq.ft. This increased to Rs 826 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,500 per sq.ft in 2007, a substantial increase of 82%. Following this, the value dropped to Rs 5,800 per sq.ft in 2012, which represents a decrease of 33%. In 2017, the guideline value increased to Rs 3,886 per sq.ft, a rise of 49%. The value remained at Rs 5,800 per sq.ft in 2023 before reaching the current figure of Rs 6,300 per sq.ft in 2024, reflecting a 9% increase.

There are no recorded figures for the years between these revisions for Old JailWardenQuarters. Overall, from 2002 to 2024, the guideline value has increased by 741%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, which means that the 2024 figure for Old JailWardenQuarters is below the median.

• Omres lane: Rs 13,400 per sq.ft (2024)
• Omres road 3rd cross street: Rs 13,400 per sq.ft (2024)
• Omres road 4th cross street: Rs 13,400 per sq.ft (2024)
• N Street: Rs 13,400 per sq.ft (2024)
• Ormes Road: Rs 15,000 per sq.ft (2024)
• OsanKulam: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Old JailWardenQuarters

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Old JailWardenQuarters?

The Sub Registrar Office covering Old JailWardenQuarters is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

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

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Old JailWardenQuarters?

The current guideline value for Old JailWardenQuarters is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Old JailWardenQuarters has increased from Rs 749 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 741% over the years.

What are the stamp duty and registration fees for property in Old JailWardenQuarters?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000, and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Which Sub Registrar Office is responsible for Old JailWardenQuarters?

The Periamet Sub Registrar Office is responsible for Old JailWardenQuarters, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the guideline value determined in Egmore?

The guideline value in Egmore is determined based on various factors, including the location and classification of the land. It is revised periodically to reflect changes in the real estate market.