Guideline Value for JAWAHARLAL NEHRU SALAI (INNER RING ROAD)

Jawaharlal Nehru Salai (Inner Ring Road) guideline value

The current guideline value of Jawaharlal Nehru Salai (Inner Ring Road) is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Mixed Type - II.

How the guideline value of Jawaharlal Nehru Salai (Inner Ring Road) has changed

The guideline value for Jawaharlal Nehru Salai has seen several revisions over the years. In 2007, the guideline value was Rs 4,505 per sq.ft, which increased significantly to Rs 13,000 per sq.ft in 2012. However, there was a decrease to Rs 8,710 per sq.ft in 2017. Following this, the value rose to Rs 13,000 per sq.ft in 2023, and currently stands at Rs 14,300 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the value increased by 189%. However, it then decreased by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 217%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Jawaharlal Nehru Salai (Inner Ring Road) above this median.

• Jayabharatham Street: Rs 6,300 per sq.ft (2024)
• Janakiram Street: Rs 7,100 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 4,600 per sq.ft (2024)
• Janaki Ammal Street: Rs 6,300 per sq.ft (2024)
• Jayammal Street: Rs 5,000 per sq.ft (2024)
• Jain Colony: Rs 5,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jawaharlal Nehru Salai (Inner Ring Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total fees to Rs 12,87,000. 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 details.

Which Sub Registrar Office covers Jawaharlal Nehru Salai (Inner Ring Road)?

The Sub Registrar Office that covers Jawaharlal Nehru Salai (Inner Ring Road) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jawaharlal Nehru Salai (Inner Ring Road)?

The current guideline value of Jawaharlal Nehru Salai (Inner Ring Road) is Rs 14,300 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 4,505 per sq.ft in 2007 to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 217% over the years.

What is the registration fee for property in Jawaharlal Nehru Salai?

The registration fee is calculated based on the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 1,43,00,000, the registration fee would be Rs 2,86,000 at 2%.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur have varying guideline values, with rates ranging from Rs 3,300 to Rs 14,300 per sq.ft. For example, Jayabharatham Street has a guideline value of Rs 6,300 per sq.ft in 2024.