Guideline Value for Jayanthi Nagar 20th Street

Jayanthi Nagar 20th Street guideline value

The current guideline value of Jayanthi Nagar 20th 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 20th Street has changed

The guideline value for Jayanthi Nagar 20th 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 sharply to Rs 1,300 per sq.ft in 2007, marking a 192% increase. The value then continued to rise to Rs 3,500 per sq.ft in 2012, but experienced a decline of 33% to Rs 2,345 per sq.ft in 2017. The value rebounded to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, reflecting an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 882%. There are no figures available for revisions in years other than those listed.

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, making the guideline value of Jayanthi Nagar 20th Street above that median.

• Jayanthi Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 21th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 19th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 22nd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 18th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 23rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 20th 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, while the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Nagar 20th Street?

The Sub Registrar Office that covers Jayanthi Nagar 20th 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 a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall costs involved in the property transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 20th Street?

The current guideline value of Jayanthi Nagar 20th 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 stamp duty and registration fees for property in Jayanthi Nagar 20th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty at 7% is Rs 2,73,000, and the registration fee at 2% is Rs 78,000, totaling Rs 3,51,000 for these fees.

Which Sub Registrar Office covers Jayanthi Nagar 20th Street?

The Alandur Sub Registrar Office covers Jayanthi Nagar 20th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Jayanthi Nagar 20th Street?

The land classification for Jayanthi Nagar 20th Street is Residential Class I Type - III.