Guideline Value for JAYARAM CHETTIAR STREET

Jayaram Chettiar Street guideline value

The current guideline value of Jayaram Chettiar Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jayaram Chettiar Street has changed

The guideline value for Jayaram Chettiar Street has undergone several revisions over the years. In 2002, the value was Rs 1,022 per sq.ft, which increased to Rs 1,131 per sq.ft in 2003, marking an increase of 11%. The value saw a significant rise to Rs 1,800 per sq.ft in 2007, representing a 59% increase. By 2012, the value was Rs 9,000 per sq.ft, reflecting a remarkable 400% increase from the previous revision. However, it dropped to Rs 6,030 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 9,000 per sq.ft in 2023, followed by another increase to Rs 9,900 per sq.ft in the 2024 revision, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 869%. There are no figures available for the revisions in years not mentioned in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, which is the same as the current value for Jayaram Chettiar Street.

• Jayaram Nagar 1 To 5 Cross Streets: Rs 9,900 per sq.ft (2024)
• Jayaram Street / Jayaram Nagar: Rs 9,900 per sq.ft (2024)
• Jeevagan Street: Rs 11,000 per sq.ft (2024)
• Jeevanantham Street: Rs 7,150 per sq.ft (2024)
• Journalist Colony: Rs 9,900 per sq.ft (2024)
• Justic Avenue: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total fees Rs 8,91,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaram Chettiar Street?

The Sub Registrar Office that covers Jayaram Chettiar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an important factor during the registration process when buying or selling property in Thiruvanmiyur. It serves as a base for calculating stamp duty and registration fees, ensuring that the fees are aligned with the official property values set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and compliance with legal requirements, protecting both buyers and sellers in the transaction.

Frequently asked questions

What is the current guideline value of Jayaram Chettiar Street?

The current guideline value of Jayaram Chettiar Street is Rs 9,900 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 1,022 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 869% over the years.

What is the land classification for Jayaram Chettiar Street?

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

What are the stamp duty and registration fees for buying property here?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000, and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Jayaram Chettiar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.