Guideline Value for Jayanagar mainRoad

Jayanagar mainRoad guideline value

The current guideline value of Jayanagar mainRoad is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pungathur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jayanagar mainRoad has changed

The guideline value for Jayanagar mainRoad has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 1,005 per sq.ft in 2017, reflecting a 33% decline. The value then rose sharply to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,650 per sq.ft in 2024, a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Pungathur

In Pungathur village, there are 32 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,485 per sq.ft, placing Jayanagar mainRoad's 2024 figure above that median.

• Kamakshiamman st: Rs 550 per sq.ft (2024)
• Keezhandai mada veedhi: Rs 550 per sq.ft (2024)
• K.R.R.C Nagar: Rs 1,650 per sq.ft (2024)
• Meelandai madaveedi: Rs 550 per sq.ft (2024)
• Bajanai koil st: Rs 550 per sq.ft (2024)
• A.S.P Nagar Extn(581/2,581/3,581/3a): Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanagar mainRoad

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that 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 Jayanagar mainRoad?

The Jayanagar mainRoad is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pungathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an officially recognized value rather than the sale price alone.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the financial obligations involved in the transaction. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Jayanagar mainRoad?

The current guideline value of Jayanagar mainRoad is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Jayanagar mainRoad?

Jayanagar mainRoad is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Jayanagar mainRoad?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Jayanagar mainRoad?

The registration for Jayanagar mainRoad is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.