Guideline Value for School Street (Jafferkhanpettai)

School Street (Jafferkhanpettai) guideline value

The current guideline value of School Street (Jafferkhanpettai) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, and it falls under the Residential Class III Type - III land classification.

How the guideline value of School Street (Jafferkhanpettai) has changed

Over the years, the guideline value of School Street (Jafferkhanpettai) has experienced several revisions. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 231%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 saw an increase to Rs 4,000 per sq.ft, followed by a further rise to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 264%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current guideline value of School Street (Jafferkhanpettai) below that median.

• School 1 to 7 Cross Street: Rs 4,400 per sq.ft (2024)
• Seetha Chetty Street(Bharathi Block): Rs 4,100 per sq.ft (2024)
• Seethakathi Nagar: Rs 3,300 per sq.ft (2024)
• Seethalai Sathanar Cross Street: Rs 3,300 per sq.ft (2024)
• Seethalai Sathanar Street: Rs 3,300 per sq.ft (2024)
• Sathya Narayana Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in School Street (Jafferkhanpettai)

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Therefore, the total cost for stamp duty and registration fees would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers School Street (Jafferkhanpettai)?

The Sub Registrar Office that covers School Street (Jafferkhanpettai) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of School Street (Jafferkhanpettai)?

The current guideline value of School Street (Jafferkhanpettai) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 4,400 per sq.ft in 2024, representing an overall increase of 264%.

What is the registration office for School Street (Jafferkhanpettai)?

The registration office for School Street (Jafferkhanpettai) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.

Are there other streets with similar guideline values in Kodambakkam?

Yes, there are several other streets in Kodambakkam with guideline values close to that of School Street (Jafferkhanpettai). For instance, School 1 to 7 Cross Street has a guideline value of Rs 4,400 per sq.ft, while Seetha Chetty Street (Bharathi Block) has a value of Rs 4,100 per sq.ft.