Guideline Value for JAYARAM STREET / JAYARAM NAGAR

Jayaram Street / Jayaram Nagar guideline value

The current guideline value of Jayaram Street / Jayaram Nagar 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 Street / Jayaram Nagar has changed

The guideline value for Jayaram Street / Jayaram Nagar has seen significant changes over the years. In 2002, the value was Rs 1,022 per sq.ft, which rose to Rs 1,131 per sq.ft in 2003. By 2007, the value increased dramatically to Rs 1,800 per sq.ft, marking a 59% rise from the previous revision. The value then surged to Rs 9,000 per sq.ft in 2012, reflecting a 400% increase. However, from 2012 to 2017, the value decreased by 33%, bringing it down to Rs 6,030 per sq.ft. The 2023 revision saw a significant rise to Rs 9,000 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 9,900 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 reflects an increase of 869% in the guideline value.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for this area is Rs 9,900 per sq.ft, which is the same as the current value for Jayaram Street / Jayaram Nagar.

• Jayaram Nagar 1 To 5 Cross Streets: Rs 9,900 per sq.ft (2024)
• Jayaram Chettiar Street: 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 Street / Jayaram Nagar

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 cost for these fees to Rs 8,91,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jayaram Street / Jayaram Nagar?

The Sub Registrar Office that covers Jayaram Street / Jayaram Nagar 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 serves as a benchmark for property transactions in Thiruvanmiyur. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

It is important for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property registration. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Jayaram Street / Jayaram Nagar?

The current guideline value of Jayaram Street / Jayaram Nagar 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 increased from Rs 1,022 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 869% over this period.

What is the registration office for Jayaram Street / Jayaram Nagar?

The registration office for Jayaram Street / Jayaram Nagar 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 at 7%.

Where can I find more information about the guideline value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet) or through the Chennai South Joint I SRO.