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Guideline Value

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Guideline Value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road

₹2400/sq.ft.

The guideline value for Jayalakshmi Nagar (s.no. 866 Near Rly Stn 2nd Main Road 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 2nd Main Road

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Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road guideline value

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The current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road) 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 2nd Main Road has changed

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Over the years, the guideline value for Jayalakshmi Nagar has seen several revisions. The earliest recorded figure was Rs 1,474 per sq.ft in the 2017 revision. This increased to Rs 2,200 per sq.ft in 2012, but then decreased back to Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision set the value at Rs 2,200 per sq.ft, and the latest revision in 2024 raised it to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 9% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

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In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is the same as the current value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road).

Stamp duty and registration fee for property in Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road

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For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total fees Rs 2,16,000. It is important to note that 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 Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road?

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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.

For more details, you can find your SRO.

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

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The guideline value plays a crucial role during property transactions in Thirumullaivoyal. It is the base value used to calculate the stamp duty and registration fees when registering a property. Buyers and sellers must consider this value to ensure compliance with the legal requirements during the transaction.

When a property is sold, the guideline value is compared with the sale price. The higher of the two is used to determine the applicable stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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What is the current guideline value of Jayalakshmi Nagar?

The current guideline value of Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road) 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 1,474 per sq.ft in 2017 to Rs 2,400 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification for this area?

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

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

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty would be calculated accordingly.