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Guideline Value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road

₹2400/sq.ft.

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

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Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road guideline value

The current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road) is Rs 2,400 per sq.ft, effective from 1 July 2024. This property is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road has changed

The guideline value for Jayalakshmi Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which then 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 currently stands at Rs 2,400 per sq.ft as of the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023 and by 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%. The fluctuations in these values reflect the adjustments made by the Registration Department's guideline value register.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has 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 the village is Rs 2,400 per sq.ft, which aligns with the current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road).

Stamp duty and registration fee for property in Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road

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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road?

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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When buying or selling property, it is essential to consider the guideline value as it reflects the official valuation of the property. This value helps in determining the legal and financial aspects of the property transfer process, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Jayalakshmi Nagar?

The current guideline value for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd 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 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Jayalakshmi Nagar?

The land classification for Jayalakshmi Nagar (S.No. 866 Near Rly STN 3rd Main Road) is Residential Class I Type - I.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Jayalakshmi Nagar?

The Sub Registrar Office covering 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.