Guideline Value for JAYARAM NAGAR 1 TO 5 CROSS STREETS

Jayaram Nagar 1 To 5 Cross Streets guideline value

The current guideline value for Jayaram Nagar 1 To 5 Cross Streets is Rs 9,900 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Jayaram Nagar 1 To 5 Cross Streets has changed

The guideline value for Jayaram Nagar 1 To 5 Cross Streets has seen significant changes over the years. The earliest recorded revision is from 2002, where the value was Rs 1,022 per sq.ft. This increased to Rs 1,131 per sq.ft in 2003, marking an 11% rise. In 2007, the value jumped to Rs 1,800 per sq.ft, reflecting a 59% increase. The following revision in 2012 saw the value drop to Rs 9,000 per sq.ft, a decrease of 400% from the previous figure. The 2017 revision brought the value back up to Rs 6,030 per sq.ft, which was a 49% increase. In 2023, the guideline value was Rs 9,000 per sq.ft, and it increased by 10% to reach Rs 9,900 per sq.ft in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 869%. There are no figures listed in the register for any other years for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the current guideline value for Jayaram Nagar 1 To 5 Cross Streets.

• Jayaram Chettiar Street: 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 Nagar 1 To 5 Cross Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jayaram Nagar 1 To 5 Cross Streets?

The Sub Registrar Office that covers Jayaram Nagar 1 To 5 Cross Streets 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 a critical factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Jayaram Nagar 1 To 5 Cross Streets?

The current guideline value for Jayaram Nagar 1 To 5 Cross Streets 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 stamp duty for properties in Jayaram Nagar 1 To 5 Cross Streets?

The stamp duty for properties in Jayaram Nagar 1 To 5 Cross Streets is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jayaram Nagar 1 To 5 Cross Streets located?

The Sub Registrar Office for Jayaram Nagar 1 To 5 Cross Streets is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Jayaram Nagar 1 To 5 Cross Streets?

The land classification for Jayaram Nagar 1 To 5 Cross Streets is Residential Class I Type - I.