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Guideline Value

Corporate

Guideline Value for JAYACHANDRAN NAGAR 8TH STREET

₹3300/sq.ft.

The guideline value for Jayachandran Nagar 8th Street in Jelandianpettai village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Jelandianpettai

Village

Chennai South Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jayachandran Nagar 8th Street

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Jayachandran Nagar 8th Street guideline value

The current guideline value of Jayachandran Nagar 8th 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 8th Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft, marking a decline of 33%. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and in the latest 2024 revision, it increased to Rs 3,300 per sq.ft, reflecting a rise of 10% from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a total increase of 10% in the guideline value for Jayachandran Nagar 8th Street.

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 8th Street is above this median.

Stamp duty and registration fee for property in Jayachandran Nagar 8th 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, leading to a total of Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayachandran Nagar 8th Street?

The Sub Registrar Office that covers Jayachandran Nagar 8th 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 the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is registered, the guideline value is used to determine the applicable fees, which are calculated as a percentage of this value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jayachandran Nagar 8th Street?

The current guideline value of Jayachandran Nagar 8th 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 seen several changes, with the most recent increase from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, a rise of 10%. The value was as low as Rs 2,010 per sq.ft in 2017.

What is the land classification for Jayachandran Nagar 8th Street?

The land classification for Jayachandran Nagar 8th Street is Commercial Class I Type - III, indicating its suitability for commercial activities.

What is the registration office for this street?

The registration office for Jayachandran Nagar 8th 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 stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. 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%.