Guideline Value for Jayanthi Nagar 10th Street

Jayanthi Nagar 10th Street guideline value

The current guideline value of Jayanthi Nagar 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Jayanthi Nagar 10th Street has changed

The guideline value for Jayanthi Nagar 10th Street has seen significant changes over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 397 per sq.ft. This increased to Rs 445 per sq.ft in 2003, marking a 12% rise. The value continued to grow substantially, reaching Rs 1,300 per sq.ft in 2007, which was a 192% increase from the previous figure. By 2012, the guideline value remained at Rs 3,500 per sq.ft, but this reflected a decrease of 33% from the 2007 figure. In 2017, the value rose again to Rs 2,345 per sq.ft, showing a 49% increase from 2012.

In 2023, the guideline value was revised to Rs 3,500 per sq.ft, and subsequently increased to Rs 3,900 per sq.ft in 2024, representing an 11% rise. Overall, from 2002 to 2024, the guideline value has increased by 882% for Jayanthi Nagar 10th Street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing Jayanthi Nagar 10th Street's 2024 figure above this median.

• Jayanthi Nagar 11th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 13th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 15th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 16th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 10th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 Jayanthi Nagar 10th Street?

The Sub Registrar Office that covers Jayanthi Nagar 10th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 10th Street?

The current guideline value of Jayanthi Nagar 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 882% over this period.

What are the stamp duty and registration fees for property in Jayanthi Nagar 10th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,51,000, calculated based on the guideline value of Rs 39,00,000.

Which office handles property registrations in Ullagaram?

The Alandur Sub Registrar Office is responsible for property registrations in Ullagaram, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Ullagaram?

The median guideline value for streets in Ullagaram is Rs 2,800 per sq.ft, with Jayanthi Nagar 10th Street's value being above this median at Rs 3,900 per sq.ft.