Guideline Value for Jain Nagar (Jayalalitha street)

Jain Nagar (Jayalalitha street) guideline value

The current guideline value of Jain Nagar (Jayalalitha street) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Jain Nagar (Jayalalitha street) has changed

The guideline value for Jain Nagar has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value rose significantly to Rs 800 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 880 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a further increase of 10% from 2023 to 2024. The overall change from 2007 to 2024 reflects a rise of 120% in the guideline value for Jain Nagar (Jayalalitha street).

Guideline values in Ayappakkam

In Ayappakkam village, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Jain Nagar (Jayalalitha street) is below this median with its current guideline value.

• Jain Nagar (Kamarajar Street): Rs 880 per sq.ft (2024)
• Jain Nagar Prathana Salai: Rs 880 per sq.ft (2024)
• Jain Nagar: Rs 880 per sq.ft (2024)
• Jamuna Nagar: Rs 2,700 per sq.ft (2024)
• Janakiraman street (jayaram nagar): Rs 1,100 per sq.ft (2024)
• Jagadeesan Street(Bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jain Nagar (Jayalalitha street)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 Jain Nagar (Jayalalitha street)?

The Sub Registrar Office that covers Jain Nagar (Jayalalitha street) 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 Ayappakkam

The guideline value is a crucial factor when registering property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Jain Nagar (Jayalalitha street)?

The current guideline value of Jain Nagar (Jayalalitha street) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the stamp duty and registration fees for property in Jain Nagar?

For a 1,000 sq.ft property at the guideline value of Rs 880 per sq.ft, the total fees would amount to Rs 79,200, including stamp duty and registration fees.

Which office handles registrations for Jain Nagar?

The Ambattur Sub Registrar Office is responsible for handling registrations for Jain Nagar (Jayalalitha street).

What is the land classification of Jain Nagar (Jayalalitha street)?

Jain Nagar (Jayalalitha street) is classified as Residential Class II Type - II according to the land classification guidelines.