Guideline Value for JAYACHANDRAN NAGAR 11TH STREET

Jayachandran Nagar 11th Street guideline value

The current guideline value of Jayachandran Nagar 11th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Jayachandran Nagar 11th Street has changed

The guideline value for Jayachandran Nagar 11th Street has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and then further rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows a net increase of 10% in the guideline value.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Jayachandran Nagar 11th Street is above this median, indicating a higher valuation compared to many other streets in the village.

• Jayachandran Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 12th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 13rd Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 1st Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayachandran Nagar 11th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jayachandran Nagar 11th Street?

The Sub Registrar Office that covers Jayachandran Nagar 11th Street 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. You can find your SRO for more information.

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

When buying or selling property in Jelandianpettai, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used to calculate these fees, ensuring that they are based on the official valuation rather than the sale price.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jayachandran Nagar 11th Street?

The current guideline value of Jayachandran Nagar 11th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, which was a 33% decrease from Rs 3,000 per sq.ft in 2012.

What is the land classification for Jayachandran Nagar 11th Street?

The land classification for Jayachandran Nagar 11th Street is Commercial Class I Type - III. This classification is important for understanding the potential uses of the land.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Jayachandran Nagar 11th Street 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 the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.