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Guideline Value

Corporate

Guideline Value for JAYA NAGAR EXTN.

₹1320/sq.ft.

The guideline value for Jaya Nagar Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹79 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Jaya Nagar Extn.

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Jaya Nagar Extn. guideline value

The current guideline value of Jaya Nagar Extn., located in Pallikaranai village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Jaya Nagar Extn. has changed

The guideline value for Jaya Nagar Extn. has seen significant changes over the years. In 2002, the guideline value was Rs 79 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a 27% rise. By 2007, it further increased to Rs 400 per sq.ft, representing a substantial 300% growth. The value remained at Rs 400 per sq.ft until 2012, when it rose to Rs 1,200 per sq.ft, reflecting a 200% increase. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a decline of 33%. The subsequent revisions saw the guideline value rise to Rs 1,200 per sq.ft in 2023 and then to Rs 1,320 per sq.ft in 2024, with a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by a remarkable 1571%. The register has no figures for the years not mentioned in this summary.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Jaya Nagar Extn.'s guideline value below the median.

Stamp duty and registration fee for property in Jaya Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jaya Nagar Extn.?

The Jaya Nagar Extn. area is covered by 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 plays a crucial role in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. These costs are based on the higher of the guideline value or the actual sale price, which ensures that both parties are aware of their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Jaya Nagar Extn.?

The current guideline value of Jaya Nagar Extn. is Rs 1,320 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 79 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1571% over this period.

What is the registration office for Jaya Nagar Extn.?

The registration office for Jaya Nagar Extn. 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.

How is stamp duty calculated for properties in Jaya Nagar Extn.?

Stamp duty for properties in Jaya Nagar Extn. is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum price at which a property can be registered. It ensures transparency and fairness in property transactions by providing a benchmark for valuation.