Guideline Value for JAYA LAKSHMI NAGAR(287/3A.3B)

Jaya Lakshmi Nagar(287/3a.3b) guideline value

The current guideline value for Jaya Lakshmi Nagar(287/3a.3b) is Rs 500 per sq.ft. This property is located in Pakkam village and falls under the Tiruvallur Joint 1 SRO. The land classification is Residential Class II Type - II.

How the guideline value of Jaya Lakshmi Nagar(287/3a.3b) has changed

The guideline value for Jaya Lakshmi Nagar(287/3a.3b) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in the 2017 revision. However, in the 2023 revision, the value increased significantly to Rs 500 per sq.ft, marking an increase of 87% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has increased by 25%. The revisions for the years 2002, 2003, 2007, and 2024 do not have figures available for this street in the register.

Guideline values in Pakkam

Currently, there are no specific village figures available for Pakkam. Jaya Lakshmi Nagar(287/3a.3b) is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Jaya Lakshmi Nagar(287/3a.3b)

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Jaya Lakshmi Nagar(287/3a.3b)?

The Sub Registrar Office that covers Jaya Lakshmi Nagar(287/3a.3b) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Pakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is properly recorded and taxed.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jaya Lakshmi Nagar(287/3a.3b)?

The current guideline value of Jaya Lakshmi Nagar(287/3a.3b) is Rs 500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then increased to Rs 500 per sq.ft in 2023. This represents an overall increase of 25% from 2012 to 2023.

What are the stamp duty and registration fees for property in Jaya Lakshmi Nagar(287/3a.3b)?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 45,000, which includes Rs 35,000 for stamp duty and Rs 10,000 for registration fee.

Which Sub Registrar Office covers Jaya Lakshmi Nagar(287/3a.3b)?

The Tiruvallur Joint 1 Sub Registrar Office covers Jaya Lakshmi Nagar(287/3a.3b), located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Pakkam under the Tiruvallur Joint 1 SRO?

No other streets in Pakkam are mentioned under the Tiruvallur Joint 1 SRO in the available data.