Guideline Value

Corporate

Guideline Value for Jalvayu Vihar

₹1700/sq.ft.

The guideline value for Jalvayu Vihar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Jalvayu Vihar

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Jalvayu Vihar guideline value

The current guideline value of Jalvayu Vihar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Jalvayu Vihar has changed

The guideline value for Jalvayu Vihar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The value then increased to Rs 1,600 per sq.ft in 2023, and finally, it rose to Rs 1,700 per sq.ft in the 2024 revision.

Between the revisions, there were notable changes. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 6%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Jalvayu Vihar's 2024 figure below that median.

Stamp duty and registration fee for property in Jalvayu Vihar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost for these fees Rs 1,53,000. It is important to note that 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 Jalvayu Vihar?

The Sub Registrar Office that covers Jalvayu Vihar 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 critical factor in the registration of property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value ensures that the government collects appropriate revenue from property transactions.

When buying or selling property, it is essential to consider the guideline value as it influences the overall cost of the transaction. Buyers should be aware of the current guideline value to ensure they are making informed decisions, while sellers must understand how it affects the sale price and associated fees.

Frequently asked questions

What is the current guideline value of Jalvayu Vihar?

The current guideline value of Jalvayu Vihar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current value of Jalvayu Vihar.

What fees are associated with buying property in Jalvayu Vihar?

When buying property in Jalvayu Vihar, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jalvayu Vihar?

The Sub Registrar Office for Jalvayu Vihar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.