Guideline Value for JAYALAKSHMI NAGAR ANNEXURE -III

Jayalakshmi Nagar Annexure -III guideline value

The current guideline value of Jayalakshmi Nagar Annexure -III is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Jayalakshmi Nagar Annexure -III has changed

The guideline value for Jayalakshmi Nagar Annexure -III has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is an increase from Rs 1,500 per sq.ft in the 2023 revision, reflecting a change of +10%. The register does not contain figures for the years 2017, 2012, 2007, 2003, or 2002 for this street.

Prior to the 2023 revision, the last recorded value was Rs 1,500 per sq.ft in 2023. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002, indicating that there were no updates for this street during those years.

Guideline values in Malayambakkam

Within Malayambakkam, there are 82 streets under the Kunrathur SRO that currently carry a 2024 guideline value, ranging from Rs 450 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 935 per sq.ft, placing the 2024 figure for Jayalakshmi Nagar Annexure -III above that median.

• Jayalakshmi Nagar Annexure 2: Rs 1,650 per sq.ft (2024)
• Jayalakshmi Nagar Anex - 1: Rs 800 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 800 per sq.ft (2024)
• Jai Nagar Phase II: Rs 1,210 per sq.ft (2024)
• Hari Sai Nagar: Rs 800 per sq.ft (2024)
• Gangai Amman Koil St: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalakshmi Nagar Annexure -III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, calculated at 7%, would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, these fees total Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jayalakshmi Nagar Annexure -III?

The Sub Registrar Office covering Jayalakshmi Nagar Annexure -III is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Malayambakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the higher value between the sale price and the guideline value is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar Annexure -III?

The current guideline value of Jayalakshmi Nagar Annexure -III is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jayalakshmi Nagar Annexure -III was Rs 1,500 per sq.ft in 2023, which increased by 10% to Rs 1,650 per sq.ft in 2024. The register does not contain figures for the years 2017, 2012, 2007, 2003, or 2002 for this street.

What is the median guideline value in Malayambakkam?

The median guideline value in Malayambakkam is Rs 935 per sq.ft. The guideline value for Jayalakshmi Nagar Annexure -III is above this median at Rs 1,650 per sq.ft for 2024.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jayalakshmi Nagar Annexure -III?

The Kunrathur Sub Registrar Office, which covers Jayalakshmi Nagar Annexure -III, is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.