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Guideline Value

Corporate

Guideline Value for Jai Nagar 3rd Street

₹3850/sq.ft.

The guideline value for Jai Nagar 3rd Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 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

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹467 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹429 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Jai Nagar 3rd Street

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Jai Nagar 3rd Street guideline value

The current guideline value of Jai Nagar 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jai Nagar 3rd Street has changed

The guideline value for Jai Nagar 3rd Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 429 per sq.ft. In 2003, it increased to Rs 467 per sq.ft, marking a 9% change. The 2007 revision saw a significant rise to Rs 650 per sq.ft, a change of 39%. By 2012, the value remained at Rs 3,500 per sq.ft, showing no change from the previous revision. In 2023, the guideline value was again Rs 3,500 per sq.ft, with no change from 2012. The latest revision in 2024 increased the value to Rs 3,850 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there is no figure available for Jai Nagar 3rd Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 797%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current guideline value of Jai Nagar 3rd Street.

Stamp duty and registration fee for property in Jai Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Jai Nagar 3rd Street?

The Sub Registrar Office that covers Jai Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role in determining the registration charges. The guideline value is set by the government and is used to calculate the stamp duty and registration fees payable at the time of property registration.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. The guideline value is regularly revised, and staying updated can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Jai Nagar 3rd Street?

The current guideline value of Jai Nagar 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 429 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 797% over the years.

What is the stamp duty rate for property in Jai Nagar 3rd Street?

The stamp duty rate for property in Jai Nagar 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jai Nagar 3rd Street?

The Sub Registrar Office covering Jai Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the registration charges, including stamp duty and registration fees, during property transactions in Valasaravakkam.