Guideline Value for JAYARAMAN STREET (GRAMA NEDUNCHALAI 25TH CROSS STREET)

Jayaraman Street (Grama Nedunchalai 25th Cross Street) guideline value

The current guideline value for Jayaraman Street (Grama Nedunchalai 25th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Jayaraman Street (Grama Nedunchalai 25th Cross Street) has changed

The guideline value register for Jayaraman Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

As there have been no changes recorded in the guideline values for this street between the revisions, the 2024 figure remains the only available value in the register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value for Jayaraman Street is equal to this median.

• Jillian Estate Park: Rs 2,800 per sq.ft (2024)
• Jillian's Estate Pvt. Ltd.,: Rs 2,800 per sq.ft (2024)
• J.J.P. Reacity: Rs 2,200 per sq.ft (2024)
• J.Nagar Lay Out: Rs 4,400 per sq.ft (2024)
• Jahir Hussain Main Road: Rs 2,800 per sq.ft (2024)
• Jahir Hussain 5th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaraman Street (Grama Nedunchalai 25th Cross Street)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 22,00,000. The stamp duty, calculated at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 details on fees applicable to your property.

Which Sub Registrar Office covers Jayaraman Street (Grama Nedunchalai 25th Cross Street)?

The Sub Registrar Office that covers Jayaraman Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps establish a standard price for the property, which can influence negotiations and final sale agreements. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jayaraman Street?

The current guideline value of Jayaraman Street (Grama Nedunchalai 25th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Jayaraman Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

What is the land classification for Jayaraman Street?

Jayaraman Street is classified as Residential Class II Type - III, which indicates its designation for residential use within the local zoning regulations.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in the area is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. This office handles the registration of properties in the area.