Guideline Value for JAYACHANDRAN NAGAR 5TH STREET

Jayachandran Nagar 5th Street guideline value

The current guideline value of Jayachandran Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village, under the Chennai South Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Jayachandran Nagar 5th Street has changed

The guideline value for Jayachandran Nagar 5th Street 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. In 2023, the value increased to Rs 3,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 3,300 per sq.ft. The changes from 2012 to 2024 show an overall increase of 10%.

Between the most recent revisions, the guideline value increased by 10% from 2023 to 2024. The jump from 2017 to 2023 was significant at 49%, while the value dropped by 33% from 2012 to 2017. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that have 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 of Jayachandran Nagar 5th Street is above this median.

• Jayachandran Nagar 5th Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 6th Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 4th Main Road: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayachandran Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayachandran Nagar 5th Street?

The Sub Registrar Office that covers Jayachandran Nagar 5th 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 details.

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

The guideline value is an essential factor during the registration of property transactions in Jelandianpettai. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value helps establish a baseline for the sale price, ensuring that the transaction is registered at a value that reflects the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Jayachandran Nagar 5th Street?

The current guideline value of Jayachandran Nagar 5th 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, representing a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant increase from 2017 to 2023 of 49%.

What is the land classification of Jayachandran Nagar 5th Street?

Jayachandran Nagar 5th Street is classified as Commercial Class I Type - III. This classification influences the guideline value and potential uses for properties in this area.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft property would incur a total fee of Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Jayachandran Nagar 5th Street. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.