Guideline Value for 100 Feet Road/ Inner Ring Road/ Jawaralal

100 Feet Road/ Inner Ring Road/ Jawaralal guideline value

The current guideline value for 100 Feet Road/ Inner Ring Road/ Jawaralal is Rs 11,200 per sq.ft, effective from 1 July 2024. This area is located in Alandur village and falls under the Alandur SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of 100 Feet Road/ Inner Ring Road/ Jawaralal has changed

The guideline value for this street has undergone significant changes over the years. In the 2017 revision, the value was set at Rs 6,700 per sq.ft. With the latest revision in 2024, the value increased to Rs 11,200 per sq.ft, marking a substantial rise of 67% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register. Thus, the only revisions that show a guideline value are from 2017 and 2024.

Guideline values in Alandur Guindy

In Alandur Guindy, there are eight streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 3,900 to Rs 11,200 per sq.ft. The median value for these streets is Rs 8,550 per sq.ft, placing the 2024 guideline value of 100 Feet Road/ Inner Ring Road/ Jawaralal above this median.

• Vgn Fairmont: Rs 9,500 per sq.ft (2024)
• SIDCO Thiru Vi Ka Industrial Estate: Rs 9,400 per sq.ft (2024)
• Reddy Street (Sidco Estate Residential Area): Rs 7,700 per sq.ft (2024)
• Parthasarathy Mandapam Lane: Rs 3,900 per sq.ft (2024)
• Parthasarathy Koil Street (Sidco Estate Residential Area): Rs 3,900 per sq.ft (2024)
• Labour Colony (Sidco Estate Residential Area): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in 100 Feet Road/ Inner Ring Road/ Jawaralal

For a 1,000 sq.ft plot at the current guideline value of Rs 11,200 per sq.ft, the total guideline value amounts to Rs 1,12,00,000. The stamp duty at 7% would be Rs 7,84,000, and the registration fee at 2% would be Rs 2,24,000, bringing the total to Rs 10,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers 100 Feet Road/ Inner Ring Road/ Jawaralal?

The Sub Registrar Office that covers 100 Feet Road/ Inner Ring Road/ Jawaralal is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property registration in Alandur Guindy. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of 100 Feet Road/ Inner Ring Road/ Jawaralal?

The current guideline value for 100 Feet Road/ Inner Ring Road/ Jawaralal is Rs 11,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 6,700 per sq.ft to Rs 11,200 per sq.ft in 2024, representing a 67% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What classification does the land on 100 Feet Road/ Inner Ring Road/ Jawaralal fall under?

The land classification for 100 Feet Road/ Inner Ring Road/ Jawaralal is Commercial Class I Type - I. This classification is significant for understanding the potential use of the property.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,12,00,000, the stamp duty would be Rs 7,84,000, and the registration fee would be Rs 2,24,000, totaling Rs 10,08,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering 100 Feet Road/ Inner Ring Road/ Jawaralal is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find more details on how to locate your SRO.