Guideline Value for JUBILEE ROAD

Jubilee Road guideline value

The current guideline value of Jubilee Road in Mambalam village, under the Thiyagaraya nagar SRO, is Rs 9,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jubilee Road has changed

The guideline value of Jubilee Road has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, marking a 350% rise. However, it then fell to Rs 6,030 per sq.ft in 2017, representing a 33% decrease. Following this, the value surged to Rs 9,000 per sq.ft in 2023, a 49% increase, and further rose to Rs 9,900 per sq.ft in 2024, a 10% increase.

There are no figures available for Jubilee Road in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 395%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which indicates that Jubilee Road's 2024 figure is above this median.

• Jothi Ramalingam Street: Rs 6,600 per sq.ft (2024)
• Jothi Ramalingam 2 Street: Rs 4,400 per sq.ft (2024)
• Jothi Ramalingam 1 Street: Rs 4,400 per sq.ft (2024)
• Jones Road East To West: Rs 9,900 per sq.ft (2024)
• Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1: Rs 9,900 per sq.ft (2024)
• Jeer Naidu Lane: Rs 5,000 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 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, totaling Rs 8,91,000. 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 precise calculations.

Which Sub Registrar Office covers Jubilee Road?

The Sub Registrar Office that covers Jubilee Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid 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 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Jubilee Road?

The land classification for Jubilee Road is Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

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

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