Guideline Value

Corporate

Guideline Value for Jayalakshmi Nagar

₹2450/sq.ft.

The guideline value for Jayalakshmi Nagar in Moulivakkam village (Kunrathur SRO, Chennai zone) is Rs 2450 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moulivakkam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2450 /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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹261 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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

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Jayalakshmi Nagar guideline value

The current guideline value of Jayalakshmi Nagar in Moulivakkam village is Rs 2,450 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Jayalakshmi Nagar has changed

Over the years, the guideline value for Jayalakshmi Nagar has undergone several revisions. The 2003 revision recorded a guideline value of Rs 261 per sq.ft, which increased to Rs 750 per sq.ft in 2007. Following this, the value saw a significant rise to Rs 2,200 per sq.ft in 2012, but then dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision marked another increase to Rs 2,200 per sq.ft, and the latest 2024 revision has set the value at Rs 2,450 per sq.ft.

In terms of percentage changes, the guideline value increased by 187% from 2003 to 2007, decreased by 33% from 2012 to 2017, and rose by 49% from 2017 to 2023. The jump from 2023 to 2024 represents an 11% increase. Overall, from 2003 to 2024, the guideline value has increased by 839%.

Guideline values in Moulivakkam

There are 44 streets in Moulivakkam under the Kunrathur SRO, with 2024 guideline values ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value is Rs 2,450 per sq.ft, which is equal to the current guideline value of Jayalakshmi Nagar.

Stamp duty and registration fee for property in Jayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total fees to Rs 2,20,500. 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?

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 Moulivakkam

The guideline value is a crucial factor in the registration process of property transactions in Moulivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it influences the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar?

The current guideline value of Jayalakshmi Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 reflecting an increase from Rs 2,200 per sq.ft in 2023. The overall increase from 2003 to 2024 is 839%.

What are the other streets in Moulivakkam with the same guideline value?

Other streets in Moulivakkam with the same guideline value of Rs 2,450 per sq.ft include Jeevan Nagar, Jothi Nagar, Kamakshi / Rajalingam Nagar, Govindaraj Nagar, and Gangai Amman Koil Street.

What is the stamp duty rate for properties in Jayalakshmi Nagar?

The stamp duty rate for properties in Jayalakshmi Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Jayalakshmi Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.