Guideline Value for JAYABHARATHAM STREET

Jayabharatham Street guideline value

The current guideline value of Jayabharatham Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Jayabharatham Street has changed

In the 2007 revision, the guideline value was Rs 1,650 per sq.ft. This figure saw a significant increase in the 2012 revision, where it remained at Rs 5,800 per sq.ft. The 2023 revision also recorded the same value of Rs 5,800 per sq.ft, indicating no change during that period. However, in the 2024 revision, the guideline value increased to Rs 6,300 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 282%. The revisions for the years 2002, 2003, and 2017 do not have any figures recorded for Jayabharatham Street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft in 2024. The median guideline value for these streets is Rs 5,800 per sq.ft, and Jayabharatham Street's 2024 figure is above this median.

• Jawaharlal Nehru Salai (Inner Ring Road): Rs 14,300 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 4,600 per sq.ft (2024)
• Jayammal Street: Rs 5,000 per sq.ft (2024)
• Janakiram Street: Rs 7,100 per sq.ft (2024)
• Janaki Ammal Street: Rs 6,300 per sq.ft (2024)
• Jayaprakash Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jayabharatham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, totaling Rs 5,67,000. 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 Jayabharatham Street?

The Sub Registrar Office that covers Jayabharatham Street 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 plays a crucial role during property registration in Puliyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is a key factor in the registration process.

When a property transaction occurs, the registration office will refer to the guideline value to assess the applicable charges. This ensures that the fees are based on a standardized valuation, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Jayabharatham Street?

The current guideline value of Jayabharatham Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,650 per sq.ft to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 282%.

What is the land classification for Jayabharatham Street?

Jayabharatham Street is classified as Residential Special Type - III under the Kodambakkam SRO.

What are the stamp duty and registration fees for a property in Jayabharatham Street?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000, and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

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.