Guideline Value for JAYAPRAKASH STREET

Jayaprakash Street guideline value

The current guideline value of Jayaprakash Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Jayaprakash Street has changed

In the 2007 revision, the guideline value was Rs 1,400 per sq.ft. It saw a significant increase in the 2012 revision to Rs 5,300 per sq.ft, marking a rise of 279%. However, in the 2017 revision, the value dropped to Rs 3,551 per sq.ft, a decrease of 33%. The value then increased to Rs 5,300 per sq.ft in the 2023 revision, followed by a further increase to Rs 5,800 per sq.ft in the 2024 revision, reflecting a 9% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which matches the guideline value of Jayaprakash Street.

• Jayammal Street: Rs 5,000 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)
• J.D. Durairaj Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 13th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaprakash Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaprakash Street?

The Sub Registrar Office that covers Jayaprakash Street is 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 is an essential factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value serves as a benchmark for the registration process. The registration office uses this value to calculate the applicable fees, ensuring that all transactions are in compliance with government regulations.

Frequently asked questions

What is the current guideline value of Jayaprakash Street?

The current guideline value of Jayaprakash Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 314% over the years.

What are the stamp duty and registration fees for properties in Jayaprakash Street?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which Sub Registrar Office covers Jayaprakash Street?

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

What is the land classification of Jayaprakash Street?

Jayaprakash Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.