Guideline Value for Jayabharathi Nagar Main Road

Jayabharathi Nagar Main Road guideline value

The current guideline value of Jayabharathi Nagar Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Jayabharathi Nagar Main Road has changed

The guideline value for Jayabharathi Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and most recently, it has risen to Rs 3,520 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions indicate a 49% increase from 2017 to 2023, while the value dropped by 33% from 2012 to 2017. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, making the guideline value of Jayabharathi Nagar Main Road lower than the median.

• Jayabharathi nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Jayabharathi nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Javahar Nagar Pilliyar Koil Street: Rs 3,960 per sq.ft (2024)
• Irular Colony Lane: Rs 3,520 per sq.ft (2024)
• Irular Colony: Rs 3,520 per sq.ft (2024)
• Hospital Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Jayabharathi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost for these fees Rs 3,16,800. 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 Jayabharathi Nagar Main Road?

The Sub Registrar Office that covers Jayabharathi Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives its due revenue from property transactions while also providing a transparent framework for buyers and sellers.

Frequently asked questions

What is the current guideline value of Jayabharathi Nagar Main Road?

The current guideline value of Jayabharathi Nagar Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification of Jayabharathi Nagar Main Road?

Jayabharathi Nagar Main Road is classified as Residential Special Type - II.

Where can I find the registration office for Jayabharathi Nagar Main Road?

The registration office for Jayabharathi Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 35,20,000, leading to a total fee of Rs 3,16,800.