Guideline Value for Jayanthi Nagar 15th Street

Jayanthi Nagar 15th Street guideline value

The current guideline value of Jayanthi Nagar 15th 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 15th Street has changed

The guideline value for Jayanthi Nagar 15th Street has seen several revisions over the years. 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 significantly to Rs 1,300 per sq.ft in 2007, followed by a decrease to Rs 3,500 per sq.ft in 2012. The value saw another decline to Rs 2,345 per sq.ft in 2017, before increasing to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 3,900 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, the value increased by 12%. The rise from 2003 to 2007 was 192%, and from 2007 to 2012, it decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was an 11% increase 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 guideline value for these streets is Rs 2,800 per sq.ft, making Jayanthi Nagar 15th Street's 2024 figure of Rs 3,900 per sq.ft above the median.

• Jayanthi Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 16th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 13th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 17th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 18th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 15th 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. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jayanthi Nagar 15th Street?

The Sub Registrar Office that covers Jayanthi Nagar 15th 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 information.

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

When you buy or sell property in Ullagaram, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. Understanding the guideline value helps in making informed decisions during property transactions in Ullagaram.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 15th Street?

The current guideline value of Jayanthi Nagar 15th 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%.

What is the land classification for Jayanthi Nagar 15th Street?

Jayanthi Nagar 15th Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property in Jayanthi Nagar 15th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 3,51,000.

Which office should I visit for registration in Jayanthi Nagar 15th Street?

The Alandur Sub Registrar Office is responsible for registrations in Jayanthi Nagar 15th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.