Guideline Value for JEYAPRAKASH NARAYANAN ST

Jeyaprakash Narayanan St guideline value

The current guideline value of Jeyaprakash Narayanan St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Jeyaprakash Narayanan St has changed

In the 2012 revision, the guideline value was Rs 850 per sq.ft. This figure remained the same in the next revision in 2017, where it dropped to Rs 569 per sq.ft. The 2023 revision saw a significant increase to Rs 850 per sq.ft, followed by the 2024 revision, which set the value at Rs 935 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows an increase of 10% in the guideline value.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is the same as the current guideline value for Jeyaprakash Narayanan St.

• Jothi Ramalingam St: Rs 1,310 per sq.ft (2024)
• Kadhar Basha St: Rs 800 per sq.ft (2024)
• Kadhiravan St: Rs 800 per sq.ft (2024)
• Kamarajar 1st Street: Rs 1,625 per sq.ft (2024)
• Kamarajar 2nd Street: Rs 1,625 per sq.ft (2024)
• Kamarajar 3rd Cross St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyaprakash Narayanan St

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total to Rs 84,150. 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.

Which Sub Registrar Office covers Jeyaprakash Narayanan St?

The Sub Registrar Office that covers Jeyaprakash Narayanan St is the Avadi Sub Registrar Office. The address is 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 Vilingiyambakkam

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

When a property is sold, the stamp duty is calculated based on the higher of the guideline value or the sale price. 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 Jeyaprakash Narayanan St?

The current guideline value of Jeyaprakash Narayanan St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 84,150, calculated based on the guideline value of Rs 9,35,000.

Where can I find the Sub Registrar Office for Jeyaprakash Narayanan St?

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

What is the significance of the guideline value when buying property?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for the government to assess the value of properties in the area.