Guideline Value for Jain Sundarbans [Guruswamy Street]

Jain Sundarbans [Guruswamy Street] guideline value

The current guideline value of Jain Sundarbans [Guruswamy Street] is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in 1. Nolambur village, under the Villivakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jain Sundarbans [Guruswamy Street] has changed

The guideline value for Jain Sundarbans [Guruswamy Street] has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 4,355 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2023 revision, marking a 49% rise. The current value of Rs 7,100 per sq.ft from the 2024 revision reflects a further increase of 9% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. Jain Sundarbans [Guruswamy Street] is positioned at this median value.

• Jain Nakshathra: Rs 7,100 per sq.ft (2024)
• Iswarya Nagar: Rs 5,500 per sq.ft (2024)
• Iswaryam Phase II: Rs 7,100 per sq.ft (2024)
• Jeyabarath Apartments: Rs 7,100 per sq.ft (2024)
• Golden Fortune: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jain Sundarbans [Guruswamy Street]

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. 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 Jain Sundarbans [Guruswamy Street]?

The Jain Sundarbans [Guruswamy Street] is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

When buying or selling property in 1. Nolambur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is essential for both the buyer and seller to understand the financial implications of the transaction.

The guideline value is used during the registration process to calculate the applicable duties and fees, ensuring that all transactions adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Jain Sundarbans [Guruswamy Street]?

The current guideline value of Jain Sundarbans [Guruswamy Street] is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,100 per sq.ft in 2024, marking an overall increase of 63% from 2017 to 2024.

What is the stamp duty for property in Jain Sundarbans [Guruswamy Street]?

The stamp duty for property in Jain Sundarbans [Guruswamy Street] is 7% of the guideline value, which for a 1,000 sq.ft plot amounts to Rs 4,97,000.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the land classification for Jain Sundarbans [Guruswamy Street]?

The land classification for Jain Sundarbans [Guruswamy Street] is Residential Special Type - I, which indicates its designated use within the area.