Guideline Value for JAYALAKSHMI NAGAR

Jayalakshmi Nagar guideline value

The current guideline value of Jayalakshmi Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Ariyanvoyal village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Jayalakshmi Nagar has changed

The guideline value for Jayalakshmi Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 53 per sq.ft, which increased to Rs 61 per sq.ft in 2003. There is no figure for this street in the 2007 revision. The value then rose to Rs 400 per sq.ft in 2012, but dropped to Rs 268 per sq.ft in 2017. By the 2023 revision, it reached Rs 400 per sq.ft again, and currently stands at Rs 440 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Notably, there was a significant increase of 556% from 2003 to 2012, while the value fell by 33% from 2012 to 2017. Overall, from 2002 to 2024, the guideline value has increased by 730%.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, making Jayalakshmi Nagar's 2024 figure of Rs 440 per sq.ft above the median.

• Janaki Rathina Nagar: Rs 330 per sq.ft (2024)
• Jegan Nagra: Rs 330 per sq.ft (2024)
• Ganesh Nagar: Rs 330 per sq.ft (2024)
• Kattur Road: Rs 330 per sq.ft (2024)
• Elango Nagar: Rs 330 per sq.ft (2024)
• K.R.K. Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to 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 Jayalakshmi Nagar?

The Ponneri Sub Registrar Office covers Jayalakshmi Nagar. The office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Ariyanvoyal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When buying or selling property, the guideline value helps in assessing the official value of the property, which is necessary for legal documentation and taxation purposes. Buyers should be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar?

The current guideline value of Jayalakshmi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 53 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 730% over the years.

What is the registration office for Jayalakshmi Nagar?

The registration office for Jayalakshmi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated in Jayalakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property with a guideline value of Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.

What are the other streets in Ariyanvoyal with their guideline values?

Other streets in Ariyanvoyal include Janaki Rathina Nagar, Jegan Nagra, Ganesh Nagar, Kattur Road, Elango Nagar, and K.R.K. Nagar, all with a 2024 guideline value of Rs 330 per sq.ft.