Guideline Value for JAYALALITHA STREET

Jayalalitha Street guideline value

The current guideline value of Jayalalitha Street in Thiruvancheri village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Jayalalitha Street has changed

The guideline value for Jayalalitha Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,100 per sq.ft.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing Jayalalitha Street's 2024 figure below that median.

• Jalan Kennady Street: Rs 1,980 per sq.ft (2024)
• Jai Nagar: Rs 3,850 per sq.ft (2024)
• Jaganathan Street: Rs 1,980 per sq.ft (2024)
• Iyyanar Street: Rs 1,980 per sq.ft (2024)
• Irataimalai Srinivasan Street: Rs 1,980 per sq.ft (2024)
• Jothi Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalalitha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayalalitha Street?

The Sub Registrar Office that covers Jayalalitha Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the amount of stamp duty and registration fees payable. When buying or selling property in Thiruvancheri, the guideline value is referenced to ensure compliance with local regulations and to assess the financial obligations involved in the transaction.

Additionally, the guideline value serves as a benchmark for property valuation, helping buyers and sellers understand the expected costs associated with property ownership in the area. It is essential for both parties to be aware of these values when engaging in real estate transactions.

Frequently asked questions

What is the current guideline value of Jayalalitha Street?

The current guideline value of Jayalalitha Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Jayalalitha Street?

Jayalalitha Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Jayalalitha Street?

The Sub Registrar Office for Jayalalitha Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties on Jayalalitha Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.