Guideline Value for Jaya Nagar Station Border Road

Jaya Nagar Station Border Road guideline value

The current guideline value of Jaya Nagar Station Border 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 Station Border Road has changed

Over the years, the guideline value for Jaya Nagar Station Border Road has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged until the 2017 revision that decreased it to Rs 2,345 per sq.ft. From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 3,500 per sq.ft. The latest revision in 2024 increased the value to Rs 3,850 per sq.ft, reflecting a 10% rise from the previous year.

It is noteworthy that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 the village is Rs 1,650 per sq.ft, and the guideline value for Jaya Nagar Station Border Road is above this median.

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

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 and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jaya Nagar Station Border Road?

The Jaya Nagar Station Border Road falls under 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 transaction is recorded accurately and transparently.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jaya Nagar Station Border Road?

The current guideline value of Jaya Nagar Station Border 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, reflecting a 10% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Jaya Nagar Station Border Road?

The land classification for Jaya Nagar Station Border Road is Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Jaya Nagar Station Border Road is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.