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Guideline Value

Corporate

Guideline Value for Jaya Nagar Ist Main Road

₹3850/sq.ft.

The guideline value for Jaya Nagar Ist Main Road 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 Ist Main Road

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Jaya Nagar Ist Main Road guideline value

The current guideline value of Jaya Nagar Ist Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

Over the years, the guideline value of Jaya Nagar Ist Main Road has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, and the latest revision in 2024 raised it to Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values 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, indicating that the guideline value for Jaya Nagar Ist Main Road is above this median.

Stamp duty and registration fee for property in Jaya Nagar Ist Main Road

For a 1,000 sq.ft plot at the current guideline value, 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaya Nagar Ist Main Road?

The Sub Registrar Office that covers Jaya Nagar Ist Main Road 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. If the sale price is higher than the guideline value, the duty will be charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Jaya Nagar Ist Main Road?

The current guideline value of Jaya Nagar Ist Main Road 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 2023 to Rs 3,850 per sq.ft in 2024, representing a 10% increase. From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%.

What are the guideline values for other streets in Chitlapakkam?

Other streets in Chitlapakkam have a guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 1,650 per sq.ft. Jaya Nagar Ist Main Road's guideline value is above this median.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 38,50,000, the stamp duty is Rs 2,69,500, and the registration fee is Rs 77,000, totaling Rs 3,46,500. The duty is based on the higher of the guideline value or the sale price.

Which Sub Registrar Office handles registrations for Jaya Nagar Ist Main Road?

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