Guideline Value for P.A. Jaganathan Street

P.A. Jaganathan Street guideline value

The current guideline value of P.A. Jaganathan Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of P.A. Jaganathan Street has changed

The guideline value for P.A. Jaganathan Street has seen several revisions over the years. The earliest recorded value in 2003 was Rs 329 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a significant rise of 52%. In 2012, the value was revised to Rs 3,500 per sq.ft, which represented a substantial increase of 600%. However, it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, and most recently, it reached Rs 3,850 per sq.ft in 2024, showing an increase of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1070%. Notably, there is no figure recorded for P.A. Jaganathan Street in the 2002 revision.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that have a guideline value for 2024, ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing P.A. Jaganathan Street's 2024 figure above that median.

• P.A. Jaganathan Lane: Rs 3,850 per sq.ft (2024)
• Pandian Street: Rs 2,700 per sq.ft (2024)
• Pachyappa Naicken Street: Rs 3,300 per sq.ft (2024)
• Old Trunk Road: Rs 11,000 per sq.ft (2024)
• Officers Lane: Rs 3,850 per sq.ft (2024)
• Pensioners Road & Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in P.A. Jaganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that the duty is charged based on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers P.A. Jaganathan Street?

The Sub Registrar Office that covers P.A. Jaganathan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Cantonment Pallavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Cantonment Pallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. This ensures that the transaction reflects a fair value for the property based on its location and classification.

When registering a property, buyers and sellers must consider the guideline value, as it directly affects the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of P.A. Jaganathan Street?

The current guideline value of P.A. Jaganathan Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, a rise of 10%.

What is the land classification for P.A. Jaganathan Street?

P.A. Jaganathan Street is classified as Residential Class I Type - I.

Where can I find the registration office for P.A. Jaganathan Street?

The registration office for P.A. Jaganathan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at a rate of 7%.