Guideline Value for JAYALAKSHMI NAGAR ANNEXURE 2

Jayalakshmi Nagar Annexure 2 guideline value

The current guideline value for Jayalakshmi Nagar Annexure 2 is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Malayambakkam village under the Kunrathur SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Jayalakshmi Nagar Annexure 2 has changed

The guideline value for Jayalakshmi Nagar Annexure 2 has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

To summarize, the guideline values have changed as follows: from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. This increase reflects the adjustments made in the latest revision, contributing to the current valuation of the property.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,750 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Jayalakshmi Nagar Annexure 2 is above this median.

• Jayalakshmi Nagar Anex - 1: Rs 800 per sq.ft (2024)
• Jayalakshmi Nagar Annexure -III: Rs 1,650 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 2

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 is charged at 7%, which totals Rs 1,15,500, while the registration fee at 2% amounts to Rs 33,000. Together, the total cost for these fees is Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more accurate calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayalakshmi Nagar Annexure 2?

The Sub Registrar Office that covers Jayalakshmi Nagar Annexure 2 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 properties 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 at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Jayalakshmi Nagar Annexure 2?

The current guideline value for Jayalakshmi Nagar Annexure 2 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Jayalakshmi Nagar Annexure 2?

The land classification for Jayalakshmi Nagar Annexure 2 is Residential Special Type - III. This classification is important for understanding the zoning regulations applicable to the area.

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

The stamp duty for properties in Jayalakshmi Nagar Annexure 2 is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 1,48,500 in fees.

Where is the Sub Registrar Office for Jayalakshmi Nagar Annexure 2 located?

The Sub Registrar Office covering Jayalakshmi Nagar Annexure 2 is located at No.59, Road Street, Kundrathur, Chennai - 600 069. This office handles the registration of properties in the area.