Guideline Value for Jayalakshmi Street

Jayalakshmi Street guideline value

The current guideline value of Jayalakshmi Street in Ambattur village, under the Ambattur SRO, is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Jayalakshmi Street has changed

Over the years, the guideline value of Jayalakshmi Street has seen several revisions. The 2012 revision set the value at Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,300 per sq.ft, and the latest 2024 revision has raised it further to Rs 3,600 per sq.ft.

From the 2017 to 2023 period, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which is equal to the current guideline value of Jayalakshmi Street.

• jayalalitha Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Jayaram Nagar: Rs 1,600 per sq.ft (2024)
• Jawagar Street: Rs 4,600 per sq.ft (2024)
• Jeevarathnam Street: Rs 3,600 per sq.ft (2024)
• Industrial Estate (North Phase): Rs 5,400 per sq.ft (2024)
• Industrial Estate 3rd Main Road: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalakshmi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. Please 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 further calculations.

Which Sub Registrar Office covers Jayalakshmi Street?

The Sub Registrar Office that covers Jayalakshmi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ambattur. It is used to calculate the stamp duty and registration fees that are payable when buying or selling property. The fees are based on the guideline value or the sale price, whichever is higher.

When a buyer or seller approaches the registration office, the guideline value helps determine the official value of the property for taxation purposes. This ensures that all transactions are recorded accurately and that the appropriate fees are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Jayalakshmi Street?

The current guideline value of Jayalakshmi Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024. Additionally, it increased from Rs 2,211 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on Jayalakshmi Street?

For a property valued at Rs 36,00,000, the stamp duty is Rs 2,52,000, and the registration fee is Rs 72,000, totaling Rs 3,24,000.

Which office handles registrations for Jayalakshmi Street?

The Ambattur Sub Registrar Office handles registrations for Jayalakshmi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Jayalakshmi Street?

Jayalakshmi Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.