Guideline Value for Jaivandha Puram

Jaivandha Puram guideline value

The current guideline value of Jaivandha Puram, located in Madambakkam village under the Selaiyur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Jaivandha Puram has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value across these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Jaivandha Puram.

• Jaivandha Puram 1st Main Road: Rs 2,400 per sq.ft (2024)
• Jaivandha Puram 2nd Main Road: Rs 2,400 per sq.ft (2024)
• Jaivandha Puram 3rd Main Road: Rs 2,400 per sq.ft (2024)
• Jaivandha Puram Cross Street: Rs 2,400 per sq.ft (2024)
• Jaivandha Puram Main Road: Rs 2,400 per sq.ft (2024)
• Jalvayu Vihar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jaivandha Puram

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaivandha Puram?

The Sub Registrar Office that covers Jaivandha Puram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Madambakkam. It serves as a benchmark for assessing the value of properties, ensuring that the registration fees and stamp duties are calculated fairly based on the established rates.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jaivandha Puram?

The current guideline value of Jaivandha Puram is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 9% increase from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024. There was no change from 2012 to 2023, as the value remained at Rs 2,200 per sq.ft during that period.

What is the land classification of Jaivandha Puram?

Jaivandha Puram is classified as Commercial Class I Type - II. This classification is important for understanding the potential uses of the land.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Jaivandha Puram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000.