Guideline Value for Jayalakshmi Nagar

Jayalakshmi Nagar guideline value

The current guideline value of Jayalakshmi Nagar is Rs 4,290 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Jayalakshmi Nagar has changed

The guideline value for Jayalakshmi Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 225 per sq.ft, which increased significantly to Rs 625 per sq.ft in 2007. The value then rose dramatically by 524% to Rs 3,900 per sq.ft in 2012, before decreasing to Rs 2,613 per sq.ft in 2017. The value then increased to Rs 3,900 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 4,290 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 1807%. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Jayalakshmi Nagar's 2024 figure above that median.

• Janagiammal Nagar Annex: Rs 1,980 per sq.ft (2024)
• Janagiammal Nagar: Rs 1,980 per sq.ft (2024)
• Indirani Nagar: Rs 2,090 per sq.ft (2024)
• Indira Nagar: Rs 3,520 per sq.ft (2024)
• Kanumbulli Chetty Street: Rs 2,090 per sq.ft (2024)
• Ganapathy Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, making the total charges Rs 3,86,100. Note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayalakshmi Nagar?

The Sub Registrar Office that covers Jayalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Kattupakkam, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is crucial as it ensures that the government receives the appropriate revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline values, as these figures can significantly affect the overall cost of property transactions. Proper understanding of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar?

The current guideline value of Jayalakshmi Nagar is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 225 per sq.ft in 2003 to Rs 4,290 per sq.ft in 2024, reflecting an overall increase of 1807% over the years.

What are the stamp duty and registration fees for properties in Jayalakshmi Nagar?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Which office handles property registrations in Jayalakshmi Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Jayalakshmi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Kattupakkam?

The median guideline value for streets in Kattupakkam is Rs 2,090 per sq.ft, with Jayalakshmi Nagar's current value being above this median.