Guideline Value for Jayanthi Nagar 12th Street

Jayanthi Nagar 12th Street guideline value

The current guideline value of Jayanthi Nagar 12th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Jayanthi Nagar 12th Street has changed

The guideline value for Jayanthi Nagar 12th Street has seen significant changes over the years. In 2002, the guideline value was Rs 397 per sq.ft, which increased to Rs 445 per sq.ft in 2003. Following this, the value rose dramatically to Rs 1,300 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024.

Examining the changes between revisions, the guideline value increased by 12% from 2002 to 2003, followed by a substantial increase of 192% from 2003 to 2007. There was a 169% increase from 2007 to 2012, but a decrease of 33% was noted from 2012 to 2017. The value then saw a significant rise of 49% from 2017 to 2023, and a further increase of 11% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 882%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Jayanthi Nagar 12th Street's 2024 figure above this median.

• Jayanthi Nagar 11th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 13th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 10th 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 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Nagar 12th Street?

The Jayanthi Nagar 12th Street is covered by 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 information.

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

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

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is documented accurately according to the prevailing rates set by the Registration Department.

Frequently asked questions

What is the current guideline value for Jayanthi Nagar 12th Street?

The current guideline value for Jayanthi Nagar 12th 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%.

What is the land classification for Jayanthi Nagar 12th Street?

Jayanthi Nagar 12th Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Jayanthi Nagar 12th Street?

The Sub Registrar Office covering Jayanthi Nagar 12th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Jayanthi Nagar 12th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,73,000.