Guideline Value for Jayalakshmi Nagar Part-1,2

Jayalakshmi Nagar Part-1,2 guideline value

The current guideline value for Jayalakshmi Nagar Part-1,2 is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Jayalakshmi Nagar Part-1,2 has changed

The guideline value for Jayalakshmi Nagar Part-1,2 has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2007 to 2012, the guideline value increased by 233%. However, it decreased by 33% from 2012 to 2017. The subsequent increase from 2017 to 2023 was 49%, and the overall change from 2007 to 2024 is also 233%.

Guideline values in Adhanoor

In Adhanoor village, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the guideline value for Jayalakshmi Nagar Part-1,2. Below are the guideline values for other streets in Adhanoor:

• Jayalakshmi Nagar Annex-1: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Dr.City: Rs 1,000 per sq.ft (2024)
• Jawaharayia Nagar: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jasmine Nagar (I,II): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalakshmi Nagar Part-1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayalakshmi Nagar Part-1,2?

The Sub Registrar Office covering Jayalakshmi Nagar Part-1,2 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 Adhanoor

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

When buying or selling property, it is essential to be aware of the guideline value, as it affects the financial obligations of both parties. The registration office uses this value to assess the fees applicable, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Jayalakshmi Nagar Part-1,2?

The current guideline value for Jayalakshmi Nagar Part-1,2 is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification for Jayalakshmi Nagar Part-1,2?

The land classification for Jayalakshmi Nagar Part-1,2 is Residential Special Type - I.

What is the registration office for Jayalakshmi Nagar Part-1,2?

The registration office for Jayalakshmi Nagar Part-1,2 is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jayalakshmi Nagar Part-1,2?

The stamp duty for properties in Jayalakshmi Nagar Part-1,2 is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.