Guideline Value for Jayanthi Nagar 19th Street

Jayanthi Nagar 19th Street guideline value

The current guideline value of Jayanthi Nagar 19th 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 19th Street has changed

The guideline value for Jayanthi Nagar 19th Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 397 per sq.ft. It increased to Rs 445 per sq.ft in 2003, followed by a significant rise to Rs 1,300 per sq.ft in 2007. The 2012 revision saw the value remain at Rs 3,500 per sq.ft, but it dropped 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 rate of Rs 3,900 per sq.ft in 2024.

In terms of changes, from 2002 to 2003, the guideline value increased by 12%. The rise from 2003 to 2007 was 192%, followed by a 169% increase from 2007 to 2012. The value then decreased by 33% from 2012 to 2017. However, from 2017 to 2023, there was a 49% increase, and the most recent revision from 2023 to 2024 shows an 11% rise. Overall, from 2002 to 2024, the guideline value has increased by 882%.

Guideline values in Ullagaram

Ullagaram village has a total of 298 streets under the Alandur SRO that carry a 2024 figure, 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 2024 figure for Jayanthi Nagar 19th Street above that median.

• Jayanthi Nagar 18th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 17th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 20th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 16th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 21th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total 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, bringing the total 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 our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Jayanthi Nagar 19th Street?

The Sub Registrar Office that covers Jayanthi Nagar 19th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the financial implications of the transaction, including the fees that will be incurred. This ensures that both parties are aware of the costs associated with the sale and that the transaction is conducted transparently.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 19th Street?

The current guideline value of Jayanthi Nagar 19th 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 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 is the land classification for Jayanthi Nagar 19th Street?

Jayanthi Nagar 19th Street is classified as Residential Class I Type - III.

Where can I find the registration office for this street?

The registration office for Jayanthi Nagar 19th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the stamp duty rate for properties in Jayanthi Nagar 19th Street?

The stamp duty for properties in Jayanthi Nagar 19th Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.