Guideline Value for Jayanthi Nagar 21th Street

Jayanthi Nagar 21th Street guideline value

The current guideline value of Jayanthi Nagar 21th 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 21th Street has changed

The guideline value for Jayanthi Nagar 21th Street has undergone several revisions over the years. In 2002, the value was Rs 397 per sq.ft, which increased to Rs 445 per sq.ft in 2003. Following this, the value saw significant increases, reaching Rs 1,300 per sq.ft in 2007, then climbing to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017, before rising again to Rs 3,500 per sq.ft in 2023, and finally reaching the current value of Rs 3,900 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The most notable increase occurred from 2007 to 2012, where the value rose by 169%. Overall, from 2002 to 2024, the guideline value has increased by 882%. There are no figures available for revisions before 2002 or for the years not listed in the register.

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, with a median value of Rs 2,800 per sq.ft. Jayanthi Nagar 21th Street's guideline value of Rs 3,900 per sq.ft is above this median.

• Jayanthi Nagar 20th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 22nd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 23rd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 19th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 2nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 21th 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, 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 or the sale price.

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

Which Sub Registrar Office covers Jayanthi Nagar 21th Street?

The Sub Registrar Office that covers Jayanthi Nagar 21th 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 details.

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

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

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 21th Street?

The current guideline value of Jayanthi Nagar 21th 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, with various increases and one decrease in between.

What is the land classification of Jayanthi Nagar 21th Street?

Jayanthi Nagar 21th Street is classified as Residential Class I Type - III.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Jayanthi Nagar 21th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,73,000.