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Guideline Value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Cross Street

₹2400/sq.ft.

The guideline value for Jayalakshmi Nagar (s.no. 866 Near Rly Stn 3rd 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 3rd Cross Street

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Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Cross Street guideline value

The current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd 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 3rd Cross Street has changed

The guideline value for this street has seen several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 2,200 per sq.ft. This value decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased to Rs 2,200 per sq.ft in 2023, and further to Rs 2,400 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The latest revision from 2023 to 2024 reflects a 9% increase, resulting in the current guideline value of Rs 2,400 per sq.ft, which is equal to the median guideline value for the village.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which matches the current value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Cross Street).

Stamp duty and registration fee for property in Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd 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, while the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd 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. You can find your SRO for more information.

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 is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The higher of the guideline value or the sale price is considered for calculating these fees.

When selling property, the guideline value can also influence the selling price. Sellers and buyers often refer to the guideline value to ensure that the transaction is fair and compliant with local regulations.

Frequently asked questions

What is the current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Cross Street?

The current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd 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 finally to Rs 2,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,00,000, the stamp duty is Rs 1,68,000 and the registration fee is Rs 48,000, totaling Rs 2,16,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Jayalakshmi Nagar?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value, providing transparency in the buying and selling process.