Guideline Value for Jai Santosh Nagar

Jai Santosh Nagar guideline value

The current guideline value of Jai Santosh Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Jai Santosh Nagar has changed

The guideline value for Jai Santosh Nagar has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 74 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a 35% rise. By 2007, the value surged to Rs 200 per sq.ft, a significant increase of 100%. The 2012 revision set the value at Rs 1,500 per sq.ft, reflecting a substantial increase of 650% from the previous figure. However, this was followed by a decrease to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, before reaching the current figure of Rs 1,600 per sq.ft in 2024, which is a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2062%. There are no revisions with figures missing for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, indicating that the guideline value for Jai Santosh Nagar is below this median.

• Jak Nagar: Rs 3,800 per sq.ft (2024)
• Jak Nagar (Annai Therasa Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Bharathiyar Street): Rs 3,800 per sq.ft (2024)
• Jak nagar Extn. Phase II: Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kakkan Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kamarajar Street): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Santosh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty is charged at 7%, totaling Rs 1,12,000, while the registration fee is at 2%, amounting to Rs 32,000. Together, the total cost for these fees is Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Santosh Nagar?

The Sub Registrar Office that covers Jai Santosh Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Jai Santosh Nagar?

The current guideline value for Jai Santosh Nagar is Rs 1,600 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 74 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 2062% over the years.

What are the stamp duty rates applicable in Jai Santosh Nagar?

The stamp duty for properties in Jai Santosh Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, while Jai Santosh Nagar's current value is below this median.