Guideline Value for Janakiraman street (jayaram nagar)

Janakiraman street (jayaram nagar) guideline value

The current guideline value of Janakiraman street (jayaram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Janakiraman street (jayaram nagar) has changed

The guideline value for Janakiraman street (jayaram nagar) has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 150% rise. However, it decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Ayappakkam

In Ayappakkam, 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. The median value for these streets is Rs 1,300 per sq.ft, placing Janakiraman street (jayaram nagar) below this median.

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

Stamp duty and registration fee for property in Janakiraman street (jayaram nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Janakiraman street (jayaram nagar)?

The Sub Registrar Office that covers Janakiraman street (jayaram 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 Ayappakkam

The guideline value is a crucial factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable charges, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janakiraman street (jayaram nagar)?

The current guideline value of Janakiraman street (jayaram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024. Notable changes include a rise to Rs 1,000 per sq.ft in 2012 and a subsequent drop to Rs 670 per sq.ft in 2017.

What is the land classification for Janakiraman street (jayaram nagar)?

Janakiraman street (jayaram nagar) is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Janakiraman street (jayaram nagar)?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 99,000.

Where is the Sub Registrar Office for Janakiraman street (jayaram nagar)?

The Sub Registrar Office for Janakiraman street (jayaram nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.