Guideline Value for JAYACHANDRAN NAGAR 12TH STREET

Jayachandran Nagar 12th Street guideline value

The current guideline value of Jayachandran Nagar 12th 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 12th Street has changed

The guideline value for Jayachandran Nagar 12th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, and in the latest 2024 revision, it rose to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 3,000 in 2012 to Rs 3,300 in 2024, reflecting an overall increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Jayachandran Nagar 12th Street above this median.

• Jayachandran Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 13rd Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 1st Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar: 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 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayachandran Nagar 12th Street?

The Sub Registrar Office that covers Jayachandran Nagar 12th 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

The guideline value plays a crucial role in property transactions in Jelandianpettai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When registering a property, buyers should be aware that the guideline value is the baseline for calculating the fees. If the sale price of the property is higher than the guideline value, the duty will be charged on the sale price instead.

Frequently asked questions

What is the current guideline value for Jayachandran Nagar 12th Street?

The current guideline value for Jayachandran Nagar 12th 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 in 2012 to Rs 2,010 in 2017, then increased to Rs 3,000 in 2023, and finally to Rs 3,300 in 2024.

What is the land classification for Jayachandran Nagar 12th Street?

The land classification for Jayachandran Nagar 12th Street is Commercial Class I Type - III.

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

The Sub Registrar Office for Jayachandran Nagar 12th 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 properties in Jelandianpettai?

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