Guideline Value for JUBILEE ROAD

Jubilee Road guideline value

The current guideline value of Jubilee Road in Puliyur village, under the Kodambakkam SRO, is Rs 8,800 per sq.ft as per the 2024 revision effective from 1 July 2024. This street falls under the Commercial Class I Type - I land classification.

How the guideline value of Jubilee Road has changed

The guideline value for Jubilee Road has seen significant changes over the years. Starting from Rs 1,160 per sq.ft in 2002, it rose to Rs 1,290 per sq.ft in 2003, marking an increase of 11%. The value then surged to Rs 3,280 per sq.ft in 2007, reflecting a substantial increase of 154%. By 2012, the value reached Rs 8,000 per sq.ft, which was a remarkable jump of 144% from the previous revision. However, it dropped to Rs 5,360 per sq.ft in 2017, indicating a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 8,800 per sq.ft, representing a 64% increase from 2017.

It is important to note that the register has no figure for Jubilee Road in 2023. Overall, from 2002 to 2024, the guideline value has increased by 659%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Jubilee Road's 2024 figure above the median.

• Jothi Ramalingam Street: Rs 4,400 per sq.ft (2024)
• Kalaimagal Street: Rs 5,000 per sq.ft (2024)
• Jeeva Street (N.G.O. Colony, 100 Feet Road, Vadapalani): Rs 5,000 per sq.ft (2024)
• J.D. Durairaj Nagar 9th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jubilee Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees to Rs 7,92,000. 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.

Which Sub Registrar Office covers Jubilee Road?

The Sub Registrar Office that covers Jubilee Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly impact the overall transaction costs. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jubilee Road?

The current guideline value of Jubilee Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,160 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 659% over the years.

What is the land classification for Jubilee Road?

Jubilee Road falls under the Commercial Class I Type - I land classification.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties on Jubilee Road?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price.