Guideline Value for Jayalakshmi Nagar

Jayalakshmi Nagar guideline value

The current guideline value of Jayalakshmi Nagar, located in Noombal village under the Kunrathur SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Jayalakshmi Nagar has changed

The guideline value for Jayalakshmi Nagar has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 162 per sq.ft. This figure increased dramatically to Rs 1,072 per sq.ft in 2017, marking a substantial rise of 562%. The value continued to increase to Rs 1,600 per sq.ft in 2023, which is a 49% increase from the previous revision. The latest revision in 2024 sets the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, making the current value of Jayalakshmi Nagar below the median.

• Jay Nagar: Rs 1,760 per sq.ft (2024)
• Jai Nagar: Rs 1,760 per sq.ft (2024)
• India Cement Paniyalar Kudiyiruppu: Rs 2,860 per sq.ft (2024)
• India Cement Colony: Rs 2,860 per sq.ft (2024)
• Harihand Amara: Rs 2,090 per sq.ft (2024)
• Green Scape: Rs 4,290 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 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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 Noombal

The guideline value plays a crucial role in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar?

The current guideline value of Jayalakshmi Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 162 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 986% over the years.

What is the registration office for Jayalakshmi Nagar?

The registration office for Jayalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Jayalakshmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,23,200.

What are the other streets in Noombal with similar guideline values?

Other streets in Noombal with similar guideline values include Jay Nagar and Jai Nagar, both at Rs 1,760 per sq.ft for 2024.