Guideline Value for Jayalalitha Street

Jayalalitha Street guideline value

The current guideline value of Jayalalitha Street in Pulikoradu village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Jayalalitha Street has changed

The guideline value for Jayalalitha Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, before rising again to Rs 1,100 per sq.ft in 2024. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, while there was a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Jayalalitha Street's 2024 figure above this median.

• Jain Avenue: Rs 2,200 per sq.ft (2024)
• Hill Grove Town: Rs 2,200 per sq.ft (2024)
• Kalangal Street: Rs 880 per sq.ft (2024)
• G.S.T. Road: Rs 6,600 per sq.ft (2024)
• Kamban Street: Rs 880 per sq.ft (2024)
• Karunanidhi Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalalitha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty is charged at 7%, amounting to Rs 77,000, and the registration fee is 2%, which is Rs 22,000. Together, these fees total Rs 99,000. It is important to note that 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 more information.

Which Sub Registrar Office covers Jayalalitha Street?

The Sub Registrar Office that covers Jayalalitha Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration of property. Buyers and sellers must consider this value to ensure compliance with legal requirements and to facilitate a smooth transaction process.

When a property is sold, the guideline value is often used to assess the minimum sale price, ensuring that the transaction reflects a fair valuation. This helps in maintaining transparency in property dealings and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Jayalalitha Street?

The current guideline value of Jayalalitha Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Jayalalitha Street?

Jayalalitha Street is classified as Residential Class II Type - II.

What are the other streets in Pulikoradu with their guideline values?

Other streets in Pulikoradu include Jain Avenue and Hill Grove Town at Rs 2,200 per sq.ft, Kalangal Street, Kamban Street, and Karunanidhi Nagar at Rs 880 per sq.ft, and G.S.T. Road at Rs 6,600 per sq.ft.

Where can I find the Sub Registrar Office for Jayalalitha Street?

The Sub Registrar Office for Jayalalitha Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.