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Guideline Value

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Guideline Value for JAYALAKSHMI NAGAR ANEX - 1

₹800/sq.ft.

The guideline value for Jayalakshmi Nagar Anex - 1 in Malayambakkam village (Kunrathur SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. It was Rs 737 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malayambakkam

Village

Kunrathur

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹737 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Jayalakshmi Nagar Anex - 1

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Jayalakshmi Nagar Anex - 1 guideline value

The current guideline value of Jayalakshmi Nagar Anex - 1 is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Malayambakkam village under the Kunrathur SRO, classified as Residential Special Type - IV.

How the guideline value of Jayalakshmi Nagar Anex - 1 has changed

The guideline value for Jayalakshmi Nagar Anex - 1 has seen several revisions over the years. The 2017 revision recorded a value of Rs 737 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value increased to Rs 737 per sq.ft, and then further rose to Rs 800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 9%. It is important to note that there are no figures for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median value for this area is Rs 935 per sq.ft, indicating that the guideline value for Jayalakshmi Nagar Anex - 1 is below the median.

Stamp duty and registration fee for property in Jayalakshmi Nagar Anex - 1

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, leading to a total cost of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Jayalakshmi Nagar Anex - 1?

The Sub Registrar Office that covers Jayalakshmi Nagar Anex - 1 is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Malayambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar Anex - 1?

The current guideline value of Jayalakshmi Nagar Anex - 1 is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2024, reflecting a 9% increase overall. The value remained the same at Rs 737 per sq.ft from 2017 to 2023 before the increase in 2024.

What are the guideline values for other streets in Malayambakkam?

Other streets in Malayambakkam have varying guideline values. For example, Jayalakshmi Nagar Annexure 2 and Annexure -III are valued at Rs 1,650 per sq.ft, while Jai Nagar Phase II is at Rs 1,210 per sq.ft.

What fees are associated with buying property in Jayalakshmi Nagar Anex - 1?

When purchasing property in Jayalakshmi Nagar Anex - 1, buyers should consider stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, these fees total Rs 72,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Jayalakshmi Nagar Anex - 1?

The Sub Registrar Office for Jayalakshmi Nagar Anex - 1 is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of property transactions in the area.