Guideline Value for Jayalalitha Street

Jayalalitha Street guideline value

The current guideline value of Jayalalitha Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Jayalalitha Street has changed

Over the years, the guideline value of Jayalalitha Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,100 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10%.

Guideline values in Kaspapuram

Kaspapuram village has a total of 76 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for Jayalalitha Street.

• Joel Villa: Rs 1,650 per sq.ft (2024)
• Indra Gandhi Street: Rs 550 per sq.ft (2024)
• Kamaraj Street: Rs 550 per sq.ft (2024)
• Karunya Street: Rs 550 per sq.ft (2024)
• Kaspapuram Main Road.: Rs 660 per sq.ft (2024)
• Ganesh Nagar 6th Street: Rs 1,320 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 at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayalalitha Street?

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

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

The guideline value is a critical factor in property transactions in Kaspapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the actual sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

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 for Jayalalitha Street?

The land classification for Jayalalitha Street is Residential Special Type - IV, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Jayalalitha Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kaspapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be calculated accordingly.