Guideline Value for Jayanthi Nagar 22nd Street

Jayanthi Nagar 22nd Street guideline value

The current guideline value of Jayanthi Nagar 22nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Jayanthi Nagar 22nd Street has changed

The guideline value for Jayanthi Nagar 22nd Street has seen significant changes over the years. In 2002, the guideline value was Rs 397 per sq.ft. This increased to Rs 445 per sq.ft in 2003, followed by a substantial rise to Rs 1,300 per sq.ft in 2007. By 2012, the value reached Rs 3,500 per sq.ft, before dropping to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 882%. The changes between the revisions include a 192% increase from 2002 to 2007, a 169% rise from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with 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 22nd Street's 2024 guideline value is above this median.

• Jayanthi Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 20th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 21th 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 22nd 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 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 more details.

Which Sub Registrar Office covers Jayanthi Nagar 22nd Street?

The Sub Registrar Office that covers Jayanthi Nagar 22nd 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 during the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 22nd Street?

The current guideline value of Jayanthi Nagar 22nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with an overall increase of 882% from 2002 to 2024.

What are the stamp duty and registration fees for property in Jayanthi Nagar 22nd Street?

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

Which Sub Registrar Office covers Jayanthi Nagar 22nd Street?

The Alandur Sub Registrar Office covers Jayanthi Nagar 22nd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Jayanthi Nagar 22nd Street?

Jayanthi Nagar 22nd Street is classified as Residential Class I Type - III.