Guideline Value

Corporate

Guideline Value for JEYALAKSHMI NAGAR

₹988/sq.ft.

The guideline value for Jeyalakshmi Nagar in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jeyalakshmi Nagar

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Jeyalakshmi Nagar guideline value

The current guideline value of Jeyalakshmi Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Jeyalakshmi Nagar has changed

The guideline value for Jeyalakshmi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 900 per sq.ft. In 2017, it decreased to Rs 603 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49% to reach Rs 900 per sq.ft again. The most recent revision in 2024 has set the guideline value at Rs 988 per sq.ft, representing a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Jeyalakshmi Nagar. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which aligns with the guideline value of Jeyalakshmi Nagar.

Stamp duty and registration fee for property in Jeyalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty, calculated at 7%, amounts to Rs 69,160, while the registration fee at 2% is Rs 19,760. Therefore, the total cost for stamp duty and registration would be Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeyalakshmi Nagar?

The Sub Registrar Office that covers Jeyalakshmi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thandurai

The guideline value is a crucial reference point during property transactions in Thandurai. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value serves as a benchmark that can influence the sale price. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall transaction costs.

Frequently asked questions

What is the current guideline value of Jeyalakshmi Nagar?

The current guideline value of Jeyalakshmi Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Jeyalakshmi Nagar?

Jeyalakshmi Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty rates for properties in Jeyalakshmi Nagar?

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

Where is the Sub Registrar Office for Jeyalakshmi Nagar located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.