Guideline Value for Jayalalitha Nagar - Zeenath Sharbudeen Street

Jayalalitha Nagar - Zeenath Sharbudeen Street guideline value

The current guideline value for Jayalalitha Nagar - Zeenath Sharbudeen Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Jayalalitha Nagar - Zeenath Sharbudeen Street has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. The next revision in 2023 saw an increase to Rs 2,000 per sq.ft, and the most recent revision in 2024 has raised the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nesapakkam

Nesapakkam village has a total of 148 streets under the Virugambakkam SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the guideline value of Jayalalitha Nagar - Zeenath Sharbudeen Street below this median.

• Jayalalitha Nagar - Krishna Moorthy Street: Rs 2,200 per sq.ft (2024)
• Jayalalitha Nagar - Govindan Street: Rs 2,200 per sq.ft (2024)
• Jayalalitha Nagar - Ganesan Street: Rs 2,200 per sq.ft (2024)
• Jayalalitha Nagar: Rs 2,200 per sq.ft (2024)
• Janani Avenue: Rs 2,750 per sq.ft (2024)
• Jaibalaji Nagar Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalalitha Nagar - Zeenath Sharbudeen Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayalalitha Nagar - Zeenath Sharbudeen Street?

The Sub Registrar Office that covers Jayalalitha Nagar - Zeenath Sharbudeen Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nesapakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps to establish a fair price for the transaction, which can be used to protect both the buyer and seller during the registration process. This ensures that all parties are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Jayalalitha Nagar - Zeenath Sharbudeen Street?

The current guideline value for Jayalalitha Nagar - Zeenath Sharbudeen Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for this street?

Jayalalitha Nagar - Zeenath Sharbudeen Street is classified as Residential Class III Type - I.

Where can I find the registration office for this street?

The registration office for Jayalalitha Nagar - Zeenath Sharbudeen Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, the stamp duty for a property valued at Rs 22,00,000 would be Rs 1,54,000 at a rate of 7%.