Guideline Value for JAYARAM NAGAR 3RD CROSS STREET

Jayaram Nagar 3rd Cross Street guideline value

The current guideline value of Jayaram Nagar 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Jayaram Nagar 3rd Cross Street has changed

The guideline value for Jayaram Nagar 3rd Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, with a value of Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024.

Notably, from 2017 to 2023, there was a substantial increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, placing the 2024 guideline value of Jayaram Nagar 3rd Cross Street below this median.

• Jayaram Nagar 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Jayaram Nagar 1st Cross Street: Rs 1,320 per sq.ft (2024)
• Jayaram Nagar Main Road: Rs 1,320 per sq.ft (2024)
• Jayaram Nagar: Rs 1,320 per sq.ft (2024)
• Jayalakshmi Nagar 4th Street: Rs 1,650 per sq.ft (2024)
• Jayalakshmi Nagar 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaram Nagar 3rd Cross Street?

The Sub Registrar Office that covers Jayaram Nagar 3rd Cross 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 Vanagaram

The guideline value is a crucial factor in the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the registration fees based on the guideline value or the sale price, whichever is higher. 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 Nagar 3rd Cross Street?

The current guideline value of Jayaram Nagar 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is currently Rs 1,320 per sq.ft in 2024.

What is the land classification for Jayaram Nagar 3rd Cross Street?

The land classification for Jayaram Nagar 3rd Cross Street is Residential Class IV Type - II.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Jayaram Nagar 3rd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Jayaram Nagar 3rd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 92,400.