Guideline Value for Jayanthi Nagar 13th Street

Jayanthi Nagar 13th Street guideline value

The current guideline value of Jayanthi Nagar 13th 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 falls under the Residential Class I Type - III land classification.

How the guideline value of Jayanthi Nagar 13th Street has changed

Since the 2002 revision, the guideline value for Jayanthi Nagar 13th Street has seen significant changes. In 2002, the guideline value was Rs 397 per sq.ft, which increased to Rs 445 per sq.ft in 2003. The value then rose dramatically to Rs 1,300 per sq.ft in 2007, followed by a substantial increase 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 value of Rs 3,900 per sq.ft in 2024.

The changes between these revisions are noteworthy. From 2002 to 2003, the increase was +12%. The value saw a significant rise of +192% from 2003 to 2007. Following that, there was a +169% increase from 2007 to 2012. The value decreased by -33% from 2012 to 2017, and then increased by +49% from 2017 to 2023. The most recent change from 2023 to 2024 is an increase of +11%. 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 have 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, making the guideline value of Jayanthi Nagar 13th Street above this median.

• Jayanthi Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 11th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 15th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 10th 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 13th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to 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, totaling 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.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayanthi Nagar 13th Street?

The Jayanthi Nagar 13th Street falls under the jurisdiction of 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 further assistance.

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

The guideline value is a critical factor in property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 13th Street?

The current guideline value of Jayanthi Nagar 13th 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, reflecting an overall increase of +882% over this period.

What are the other streets with the same guideline value in Ullagaram?

Other streets in Ullagaram with the same guideline value of Rs 3,900 per sq.ft include Jayanthi Nagar 12th Street, Jayanthi Nagar 14th Street, Jayanthi Nagar 11th Street, Jayanthi Nagar 15th Street, Jayanthi Nagar 10th Street, and Jayanthi Nagar 16th Street.

What is the stamp duty rate for properties in Jayanthi Nagar 13th Street?

The stamp duty rate for properties in Jayanthi Nagar 13th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jayanthi Nagar 13th Street?

The Sub Registrar Office covering Jayanthi Nagar 13th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.