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Guideline Value for Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR

₹990/sq.ft.

The guideline value for Jayalakshmi Nagar (s.no. 870, 176, 177) Near Air in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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. 870, 176, 177) Near Air

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Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR guideline value

The current guideline value for Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR has changed

The guideline value for this street has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft. It increased significantly to Rs 900 per sq.ft in 2012, marking a 350% rise. However, it then decreased to Rs 603 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 900 per sq.ft in 2023, and most recently to Rs 990 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 guideline value, there has been a substantial increase of 395%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that the guideline value for Jayalakshmi Nagar (S.No. 870, 176, 177) is below this median.

Stamp duty and registration fee for property in Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR?

The Sub Registrar Office that covers Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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 determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. Buyers should be aware that these fees are charged based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR?

The current guideline value for Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 395% over the years.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers this property?

The Ambattur Sub Registrar Office covers Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR?

The land classification for Jayalakshmi Nagar (S.No. 870, 176, 177) Near AIR is Residential Class V Type - I.