Guideline Value for JAYACHANDRAN NAGAR 3RD MAIN ROAD

Jayachandran Nagar 3rd Main Road guideline value

The current guideline value of Jayachandran Nagar 3rd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road 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 3rd Main Road has changed

The guideline value for Jayachandran Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then increased significantly to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are as follows: from 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 3rd Main Road above this median.

• Jayachandran Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 4th Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayachandran Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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, making a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayachandran Nagar 3rd Main Road?

The Sub Registrar Office that covers Jayachandran Nagar 3rd Main Road 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 details.

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

The guideline value is a critical factor when registering property transactions in Jelandianpettai. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value will be compared to the sale price, and the higher amount will be used to determine the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jayachandran Nagar 3rd Main Road?

The current guideline value of Jayachandran Nagar 3rd Main Road 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 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of 2024.

What are the other streets in Jelandianpettai with the same guideline value?

Other streets in Jelandianpettai with the same guideline value of Rs 3,300 per sq.ft include Jayachandran Nagar 2nd Street, Jayachandran Nagar 3rd Street, Jayachandran Nagar 2nd Main Road, Jayachandran Nagar 4th Main Road, Jayachandran Nagar 1st Street, and Jayachandran Nagar 4th Street.

How is the stamp duty calculated for properties on Jayachandran Nagar 3rd Main Road?

Stamp duty for properties on Jayachandran Nagar 3rd Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.

Which office handles the registration for Jayachandran Nagar 3rd Main Road?

The Chennai South Joint I Sub Registrar Office handles the registration for properties on Jayachandran Nagar 3rd Main Road. The office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.