Guideline Value for Jayalakshmi Nagar Extention

Jayalakshmi Nagar Extention guideline value

The current guideline value of Jayalakshmi Nagar Extention is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kanchivakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Jayalakshmi Nagar Extention has changed

The guideline value of Jayalakshmi Nagar Extention has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 600 per sq.ft. The 2017 revision saw a decrease to Rs 402 per sq.ft, marking a -33% change from the 2012 figure. The overall change from 2012 to 2024 is +0% as the value returned to Rs 600 per sq.ft.

From 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 600 per sq.ft. It is important to note that the revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

Guideline values in Kanchivakkam

In Kanchivakkam, there are 23 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Jayalakshmi Nagar Extention is above this median.

• Jayalakshmi Nagar: Rs 600 per sq.ft (2024)
• Jalamma Nagar: Rs 400 per sq.ft (2024)
• Green Grove Jeyam Nagar Annex-V: Rs 600 per sq.ft (2024)
• Green Grove Jayam Nagar Anex-6: Rs 600 per sq.ft (2024)
• Green Grove Jayam Co-op Nagar Annex-3: Rs 600 per sq.ft (2024)
• Kannan Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalakshmi Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayalakshmi Nagar Extention?

The Sub Registrar Office that covers Jayalakshmi Nagar Extention is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kanchivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar Extention?

The current guideline value of Jayalakshmi Nagar Extention is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a notable decrease to Rs 402 per sq.ft in 2017 and an increase of +49% from 2017 to 2023.

What is the land classification for Jayalakshmi Nagar Extention?

Jayalakshmi Nagar Extention is classified as Residential Special Type - I.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Jayalakshmi Nagar Extention?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft would incur a total guideline value of Rs 6,00,000, resulting in stamp duty and registration fees totaling Rs 54,000.