Guideline Value

Corporate

Guideline Value for JAI NAGAR ROAD

₹660/sq.ft.

The guideline value for Jai Nagar Road in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jai Nagar Road

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Jai Nagar Road guideline value

The current guideline value of Jai Nagar Road is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Jai Nagar Road has changed

The guideline value for Jai Nagar Road has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 600 per sq.ft. In 2017, the value decreased to Rs 402 per sq.ft, marking a decline of 33%. The value then rose to Rs 600 per sq.ft in 2023, before reaching the current rate of Rs 660 per sq.ft in 2024, which reflects an increase of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 10%, with the current figure still below the median value of Rs 1,100 per sq.ft for Koladi village.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Jai Nagar Road's 2024 figure below this median. Here are some other streets in Koladi:

Stamp duty and registration fee for property in Jai Nagar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Nagar Road?

The Sub Registrar Office that covers Jai Nagar Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Koladi, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of the current guideline value to accurately assess the costs involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jai Nagar Road?

The current guideline value of Jai Nagar Road is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with fluctuations in between, including a decrease to Rs 402 per sq.ft in 2017.

What is the land classification for Jai Nagar Road?

The land classification for Jai Nagar Road is Residential Class II Type - III.

Where can I find the Sub Registrar Office for Jai Nagar Road?

The Sub Registrar Office for Jai Nagar Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Koladi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.