Guideline Value for Jayanagar

Jayanagar guideline value

The current guideline value of Jayanagar, located in Thiruvallur village under the Tiruvallur Joint 1 SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Jayanagar has changed

Over the years, the guideline value of Jayanagar has seen significant changes. The 2007 revision recorded a guideline value of Rs 320 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 681%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then surged to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 759%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Jayanagar's 2024 figure above this median.

• Jansirani Street: Rs 1,100 per sq.ft (2024)
• jeyeprakash Street: Rs 1,320 per sq.ft (2024)
• J.N. Road*: Rs 3,850 per sq.ft (2024)
• J.N.Road judges Colony: Rs 2,750 per sq.ft (2024)
• Jothiramalingam Street: Rs 1,100 per sq.ft (2024)
• Jagajeevamram Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jayanagar?

Jayanagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. The registration office will assess the property based on this value to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Jayanagar?

The current guideline value of Jayanagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification for Jayanagar?

Jayanagar is classified as Residential Special Type - IV.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Jayanagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.