Guideline Value for JAMALIA LINK ROAD

Jamalia Link Road guideline value

The current guideline value of Jamalia Link Road is Rs 6,400 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Jamalia Link Road has changed

The guideline value for Jamalia Link Road has undergone several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 6,000 per sq.ft, and further rose to Rs 6,400 per sq.ft in the 2024 revision, marking a 7% increase.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Jamalia Link Road is above this median.

• Jamalia Nagar: Rs 6,400 per sq.ft (2024)
• Jamalia Nagar Main Road & Cross Street: Rs 6,400 per sq.ft (2024)
• Jamal Nagar: Rs 5,400 per sq.ft (2024)
• Janagiraman Garden: Rs 3,800 per sq.ft (2024)
• Jawahar Street: Rs 2,700 per sq.ft (2024)
• Jafferkhan Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jamalia Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value would be Rs 64,00,000. The stamp duty at 7% would amount to Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000, bringing the total to Rs 5,76,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jamalia Link Road?

The Sub Registrar Office that covers Jamalia Link Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Perambur. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the government receives revenue based on the property's assessed value.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and helps prevent undervaluation of properties.

Frequently asked questions

What is the current guideline value of Jamalia Link Road?

The current guideline value of Jamalia Link Road is Rs 6,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,400 per sq.ft in 2024.

What is the land classification of Jamalia Link Road?

Jamalia Link Road is classified as Residential Special Type - I.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties on Jamalia Link Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 4,48,000.