Guideline Value for Jaya Nagar Ist Cross Street

Jaya Nagar Ist Cross Street guideline value

The current guideline value of Jaya Nagar Ist Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Jaya Nagar Ist Cross Street has changed

The guideline value for Jaya Nagar Ist Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 3,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Jaya Nagar Ist Cross Street above that median.

• Jaya Nagar Ist Main Road: Rs 3,850 per sq.ft (2024)
• JayaNagar 4-th Cross St: Rs 3,850 per sq.ft (2024)
• Jaya Nagar Station Border Road: Rs 3,850 per sq.ft (2024)
• Jaya Nagar 3rd Cross Street: Rs 3,850 per sq.ft (2024)
• Jaya Nagar 2nd Main Road: Rs 3,850 per sq.ft (2024)
• Jaya Nagar 2nd Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Nagar Ist 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 amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost to 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 details.

Which Sub Registrar Office covers Jaya Nagar Ist Cross Street?

The Sub Registrar Office that covers Jaya Nagar Ist 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 is a critical factor in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

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

The current guideline value of Jaya Nagar Ist 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 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification for Jaya Nagar Ist Cross Street?

The land classification for Jaya Nagar Ist Cross Street is Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Jaya Nagar Ist Cross Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Jaya Nagar Ist Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.