Guideline Value for Jayanthi Nagar 17th Street

Jayanthi Nagar 17th Street guideline value

The current guideline value of Jayanthi Nagar 17th 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 17th Street has changed

The guideline value for Jayanthi Nagar 17th Street has seen significant changes over the years. In the 2002 revision, 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 then saw a substantial increase of 192% to Rs 1,300 per sq.ft in 2007. Following this, the 2012 revision recorded a guideline value of Rs 3,500 per sq.ft, which was a decrease of 33% from the previous figure. The 2017 revision brought the value back up to Rs 2,345 per sq.ft, an increase of 49% from 2012. The most recent revision in 2023 set the guideline value at Rs 3,500 per sq.ft, before it increased by 11% to Rs 3,900 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 882%. There are no figures available for the guideline value of Jayanthi Nagar 17th Street for the years not mentioned in the revisions.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,800 per sq.ft, making the current guideline value of Jayanthi Nagar 17th Street above this median.

• Jayanthi Nagar 16th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 18th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 15th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 19th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 1st Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 17th 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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. 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 accurate calculations.

Which Sub Registrar Office covers Jayanthi Nagar 17th Street?

The Sub Registrar Office that covers Jayanthi Nagar 17th 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

The guideline value is an important factor when buying or selling property in Ullagaram, as it determines the minimum value at which property transactions must be registered. It is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When a property is sold, the sale price must be compared with the guideline value. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 17th Street?

The current guideline value of Jayanthi Nagar 17th 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 increased 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 stamp duty and registration fees for property in Jayanthi Nagar 17th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Jayanthi Nagar 17th Street?

The Alandur Sub Registrar Office covers Jayanthi Nagar 17th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Jayanthi Nagar 17th Street?

Jayanthi Nagar 17th Street is classified as Residential Class I Type - III, indicating its designation for residential use within the area.