Guideline Value

Corporate

Guideline Value for Jaya Nagar Extention - 3

₹1000/sq.ft.

The guideline value for Jaya Nagar Extention - 3 in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jaya Nagar Extention - 3

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Jaya Nagar Extention - 3 guideline value

The current guideline value of Jaya Nagar Extention - 3 is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of Jaya Nagar Extention - 3 has changed

The guideline value for Jaya Nagar Extention - 3 has undergone several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. This value remained unchanged until the 2017 revision, which raised it to Rs 670 per sq.ft, marking a 49% increase. However, the value reverted to Rs 1,000 per sq.ft in 2023 and has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that 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 100%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Jaya Nagar Extention - 3 below this median.

Stamp duty and registration fee for property in Jaya Nagar Extention - 3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a combined total of Rs 90,000. 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 Jaya Nagar Extention - 3?

The Sub Registrar Office that covers Jaya Nagar Extention - 3 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadaperumbakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall transaction costs. The registration process will consider the guideline value or the sale price, whichever is higher, to calculate the necessary fees.

Frequently asked questions

What is the current guideline value of Jaya Nagar Extention - 3?

The current guideline value of Jaya Nagar Extention - 3 is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then to Rs 670 per sq.ft in 2017, and back to Rs 1,000 per sq.ft in 2023 and 2024.

What are the other streets in Vadaperumbakkam with their guideline values?

Other streets in Vadaperumbakkam include Jaya Nagar Extention - 1 at Rs 1,003 per sq.ft, Jaya Nagar Extn. at Rs 1,003 per sq.ft, Jaya Nagar Extn - II at Rs 1,000 per sq.ft, Jaya Nagar at Rs 1,003 per sq.ft, Industrial Garden at Rs 1,006 per sq.ft, and Indira Square at Rs 1,000 per sq.ft.

What is the registration fee for property in Jaya Nagar Extention - 3?

The registration fee for property in Jaya Nagar Extention - 3 is calculated based on the guideline value. For a 1,000 sq.ft plot, the total registration fee would be Rs 20,000, along with a stamp duty of Rs 70,000.

Which office handles the registration for Jaya Nagar Extention - 3?

The Redhills Sub Registrar Office handles the registration for Jaya Nagar Extention - 3, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.