Guideline Value for Jayakanda Naicker / Senthil Nagar

Jayakanda Naicker / Senthil Nagar guideline value

The current guideline value of Jayakanda Naicker / Senthil Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Jayakanda Naicker / Senthil Nagar has changed

The guideline value of Jayakanda Naicker / Senthil Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. The Jayakanda Naicker / Senthil Nagar guideline value is part of the overall guidelines set for the area. Other streets in Vandalur under the Gooduvancheri SRO include:

Stamp duty and registration fee for property in Jayakanda Naicker / Senthil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty is charged at 7%, which totals Rs 1,05,000, and the registration fee at 2% amounts to Rs 30,000. Together, the total cost for stamp duty and registration fee is Rs 1,35,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayakanda Naicker / Senthil Nagar?

The Jayakanda Naicker / Senthil Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayakanda Naicker / Senthil Nagar?

The current guideline value of Jayakanda Naicker / Senthil Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for property in Jayakanda Naicker / Senthil Nagar?

The stamp duty rate for property transactions in Jayakanda Naicker / Senthil Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for the year 2024?

No, the register has no figure for the year 2024 for Jayakanda Naicker / Senthil Nagar.