Guideline Value

Corporate

Guideline Value for JAMBUGESWARA NAGAR 2nd STREET

₹1600/sq.ft.

The guideline value for Jambugeswara Nagar 2nd Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Jambugeswara Nagar 2nd Street

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JAMBUGESWARA NAGAR 2nd STREET guideline value

The current guideline value of JAMBUGESWARA NAGAR 2nd STREET is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Korattur village under the Villivakkam SRO and is classified as Residential Class III Type - III.

How the guideline value of JAMBUGESWARA NAGAR 2nd STREET has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2017, it decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose sharply to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, a 7% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 167%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in the area is Rs 2,500 per sq.ft, indicating that JAMBUGESWARA NAGAR 2nd STREET's 2024 figure is below that median.

Stamp duty and registration fee for property in JAMBUGESWARA NAGAR 2nd STREET

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers JAMBUGESWARA NAGAR 2nd STREET?

The Sub Registrar Office that covers JAMBUGESWARA NAGAR 2nd STREET is the Villivakkam 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 more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid based on the property's value.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of JAMBUGESWARA NAGAR 2nd STREET?

The current guideline value of JAMBUGESWARA NAGAR 2nd STREET is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 167% over the years.

What are the other streets in Korattur with the same guideline value?

Other streets in Korattur, such as JAMBUGESWARA NAGAR 1st, 3rd, 4th, 5th, 6th, and 7th STREET, also have a guideline value of Rs 1,600 per sq.ft for 2024.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for JAMBUGESWARA NAGAR 2nd STREET?

The Villivakkam Sub Registrar Office handles property registrations for JAMBUGESWARA NAGAR 2nd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.