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Guideline Value

Corporate

Guideline Value for Jaya Nagar 3rd Cross Street

₹3850/sq.ft.

The guideline value for Jaya Nagar 3rd Cross Street in Chitlapakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitlapakkam

Village

Tambaram Joint 1

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[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 Jaya Nagar 3rd Cross Street

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Jaya Nagar 3rd Cross Street guideline value

The current guideline value of Jaya Nagar 3rd Cross Street is Rs 3,850 per sq.ft. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Jaya Nagar 3rd Cross Street has changed

The guideline value for Jaya Nagar 3rd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, reflecting a 10% increase from the 2023 revision of Rs 3,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,345 per sq.ft, which marked a significant increase of 49% from the previous 2023 figure. The 2012 revision also had a value of Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This upward trend in the guideline value indicates changes in the area's valuation over the years.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Jaya Nagar 3rd Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Jaya Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for stamp duty and registration would be Rs 3,46,500. 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 detailed calculations.

Which Sub Registrar Office covers Jaya Nagar 3rd Cross Street?

The Sub Registrar Office that covers Jaya Nagar 3rd Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jaya Nagar 3rd Cross Street?

The current guideline value of Jaya Nagar 3rd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, and then to Rs 3,850 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification of Jaya Nagar 3rd Cross Street?

Jaya Nagar 3rd Cross Street is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the registration office for Jaya Nagar 3rd Cross Street?

The registration office for Jaya Nagar 3rd Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Jaya Nagar 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value of Rs 3,850 per sq.ft, the total stamp duty for a 1,000 sq.ft plot would be Rs 2,69,500.