Guideline Value for JAYARAM CHETTY STREET

Jayaram Chetty Street guideline value

The current guideline value of Jayaram Chetty Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village under the Chennai South Joint I SRO, and it is classified as Residential Special Type - I.

How the guideline value of Jayaram Chetty Street has changed

The guideline value for Jayaram Chetty Street has undergone several revisions over the years. In 2002, the value was Rs 633 per sq.ft, which increased to Rs 729 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,700 per sq.ft in 2007. However, it dropped to Rs 5,000 per sq.ft in 2012 before increasing to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 769%. There are no revisions with figures missing for this street in the register.

Guideline values in Saidapet

In Saidapet, there are 52 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Jayaram Chetty Street's 2024 figure above this median.

• Jones Road: Rs 8,250 per sq.ft (2024)
• Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Karaneeswarar Koil Street: Rs 4,950 per sq.ft (2024)
• Karan Garden: Rs 2,750 per sq.ft (2024)
• Karan Garden 1st Street: Rs 2,750 per sq.ft (2024)
• Karan Garden 2nd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, resulting in a total of Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jayaram Chetty Street?

The Sub Registrar Office that covers Jayaram Chetty 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 Saidapet

The guideline value is a crucial factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the higher of the guideline value or the actual sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayaram Chetty Street?

The current guideline value of Jayaram Chetty Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 633 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 769% over this period.

What is the stamp duty rate applicable in Jayaram Chetty Street?

The stamp duty rate applicable in Jayaram Chetty Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jayaram Chetty Street located?

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

What are the guideline values of other streets in Saidapet?

Other streets in Saidapet have varying guideline values, ranging from Rs 2,750 to Rs 8,250 per sq.ft. For example, Jones Road has a guideline value of Rs 8,250 per sq.ft, while Karan Garden has a guideline value of Rs 2,750 per sq.ft.