Guideline Value for JAYAMMAL STREET

Jayammal Street guideline value

The current guideline value of Jayammal Street, located in Puliyur village under the Kodambakkam SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Jayammal Street has changed

The guideline value for Jayammal Street has seen significant changes over the years. In 2002, the guideline value was Rs 795 per sq.ft. This increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,050 per sq.ft in 2007, which was a 20% increase from the previous revision. Following this, the 2012 revision set the value at Rs 4,600 per sq.ft, representing a substantial increase of 338% from 2007.

From 2012 to the current 2024 revision, the guideline value increased by 9% to reach Rs 5,000 per sq.ft. It is important to note that there are no figures available for the years 2017 and 2023 in the register for this street.

Guideline values in Puliyur

In Puliyur, there are a total of 648 streets under the Kodambakkam SRO that have a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Jayammal Street's 2024 figure below this median.

• Jayalakshmi Nagar: Rs 4,600 per sq.ft (2024)
• Jayaprakash Street: Rs 5,800 per sq.ft (2024)
• Jayabharatham Street: Rs 6,300 per sq.ft (2024)
• Jawaharlal Nehru Salai (Inner Ring Road): Rs 14,300 per sq.ft (2024)
• J.D. Durairaj Nagar: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 10th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jayammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total Rs 4,50,000. It is important to note that the 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 Jayammal Street?

Jayammal Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The higher of the guideline value or the sale price is considered for calculating these fees.

When purchasing property, buyers should be aware that the guideline value can affect the total cost of registration. It is essential to check the current guideline value to ensure accurate calculations of the associated fees during the transaction.

Frequently asked questions

What is the current guideline value of Jayammal Street?

The current guideline value of Jayammal Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 795 per sq.ft to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

What is the land classification of Jayammal Street?

Jayammal Street falls under the Residential Class III Type - I land classification.

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

The Kodambakkam Sub Registrar Office, which covers Jayammal Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property in Jayammal Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same amount.