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Guideline Value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street

₹2400/sq.ft.

The guideline value for Jayalakshmi Nagar (s.no. 866 Near Rly Stn 1st Cross Street in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jayalakshmi Nagar (s.no. 866 Near Rly Stn 1st Cross Street

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Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street guideline value

The current guideline value of Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street) is Rs 2,400 per sq.ft, effective from 1 July 2024. This property is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street has changed

Over the years, the guideline value for Jayalakshmi Nagar has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft. This figure was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft as of the 2024 revision.

In terms of percentage changes, there was a decrease of 33% from 2012 to 2017. However, from 2017 to 2023, there was an increase of 49%. The most recent change from 2023 to 2024 reflects a rise of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is the same as the current value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street).

Stamp duty and registration fee for property in Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total fees Rs 2,16,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street?

The Sub Registrar Office that covers Jayalakshmi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the overall costs involved in the transaction.

During the registration process, the guideline value is used to calculate stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on established values for different areas.

Frequently asked questions

What is the current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street?

The current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and is currently Rs 2,400 per sq.ft in 2024.

What is the land classification for Jayalakshmi Nagar?

Jayalakshmi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur total fees of Rs 2,16,000.

Where is the Sub Registrar Office for Jayalakshmi Nagar located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.