Guideline Value for JAIN ANARGAYA

Jain Anargaya guideline value

The current guideline value of Jain Anargaya is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Jain Anargaya has changed

Over the years, the guideline value for Jain Anargaya has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 3,500 per sq.ft, which was then increased to Rs 3,850 per sq.ft in the 2024 revision, marking a change of +10%.

The most recent revision in 2024 shows a significant increase from the previous year. The guideline value for Jain Anargaya has risen from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024.

Guideline values in Pallikaranai

Pallikaranai comprises 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for the area is Rs 1,650 per sq.ft, placing Jain Anargaya's 2024 figure above this median.

• Jaipal Nagar: Rs 1,320 per sq.ft (2024)
• Jaya Nagar: Rs 1,320 per sq.ft (2024)
• Jaya Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Indra Gandhi Nagar: Rs 1,320 per sq.ft (2024)
• Indira Street: Rs 1,110 per sq.ft (2024)
• Indira Nagar 2nd Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jain Anargaya

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

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

Which Sub Registrar Office covers Jain Anargaya?

The Sub Registrar Office covering Jain Anargaya is the Chennai South Joint I 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 more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jain Anargaya?

The current guideline value of Jain Anargaya is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value of Jain Anargaya increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, which is a change of +10%.

What is the land classification for Jain Anargaya?

The land classification for Jain Anargaya is Commercial Class I Type - I.

Which Sub Registrar Office handles registrations for Jain Anargaya?

The Chennai South Joint I Sub Registrar Office handles registrations for Jain Anargaya, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for property in Jain Anargaya?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 2,69,500.