Guideline Value for Jaya Street

Jaya Street guideline value

The current guideline value of Jaya Street in Kadaperi village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Jaya Street has changed

Over the years, the guideline value of Jaya Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, in the 2017 revision, the value dropped significantly to Rs 804 per sq.ft. This was followed by a substantial increase to Rs 1,200 per sq.ft in 2023, and the latest revision in 2024 raised it further to Rs 1,320 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The value saw a decrease of 33% from 2012 to 2017. Between 2007 and 2012, there was an increase of 20%. Overall, from 2007 to 2024, the guideline value has risen by 32%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. Jaya Street's 2024 guideline value is below this median.

• Janakiammal Street: Rs 1,320 per sq.ft (2024)
• Jagir Hussain Street: Rs 1,320 per sq.ft (2024)
• Kadapon Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Kadhar Bai Street: Rs 2,750 per sq.ft (2024)
• Kadhar Bhasha Lane: Rs 1,100 per sq.ft (2024)
• Kadhar Bhasha St: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, these fees would total Rs 1,18,800. 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 further calculations.

Which Sub Registrar Office covers Jaya Street?

The Sub Registrar Office that covers Jaya 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 Kadaperi

The guideline value plays a crucial role in the registration process when buying or selling property in Kadaperi. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during property transactions. The guideline value is typically set by the government and is revised periodically to reflect changes in the real estate market.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, and it helps maintain transparency in the real estate sector.

Frequently asked questions

What is the current guideline value of Jaya Street?

The current guideline value of Jaya Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, with various revisions in between.

What are the stamp duty and registration fees for property in Jaya Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Jaya Street?

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

What is the land classification for Jaya Street?

Jaya Street is classified as Residential Class I Type - III, indicating its designation for residential purposes.