Guideline Value for JAYACHANDRAN NAGAR 3RD STREET

Jayachandran Nagar 3rd Street guideline value

The current guideline value of Jayachandran Nagar 3rd 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, classified as Commercial Class I Type - III.

How the guideline value of Jayachandran Nagar 3rd Street has changed

The guideline value for Jayachandran Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft. This figure dropped to Rs 2,010 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back up to Rs 3,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. 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, making the current value for Jayachandran Nagar 3rd Street above this median.

• Jayachandran Nagar 3rd Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 4th Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 5th Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayachandran Nagar 3rd 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayachandran Nagar 3rd Street?

The Sub Registrar Office that covers Jayachandran Nagar 3rd 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 is a critical factor in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Jayachandran Nagar 3rd 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. It was Rs 2,010 per sq.ft in 2017, which was a 49% increase from Rs 3,000 per sq.ft in 2023.

What is the land classification for Jayachandran Nagar 3rd Street?

Jayachandran Nagar 3rd Street is classified as Commercial Class I Type - III according to the Chennai South Joint I SRO.

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

The Sub Registrar Office for Jayachandran Nagar 3rd Street is 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 this area?

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