Guideline Value for Jayanthi Nagar 23rd Street

Jayanthi Nagar 23rd Street guideline value

The current guideline value of Jayanthi Nagar 23rd 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 23rd Street has changed

The guideline value for Jayanthi Nagar 23rd Street has seen several revisions 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, a significant rise occurred, bringing the value to Rs 1,300 per sq.ft in 2007. However, between 2007 and 2012, the value decreased to Rs 3,500 per sq.ft. The guideline value then increased to Rs 2,345 per sq.ft in 2017, only to rise again to Rs 3,500 per sq.ft in 2023.

The most recent revision in 2024 shows a guideline value of Rs 3,900 per sq.ft, marking an increase of 11% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 882%. There are no figures available for the years not listed in the register for this street.

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 in this area is Rs 2,800 per sq.ft, making the current value of Jayanthi Nagar 23rd Street above that median.

• Jayanthi Nagar 22nd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 21th 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 4th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 23rd 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, totaling 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 23rd Street?

The Jayanthi Nagar 23rd Street falls under the jurisdiction of 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 registering property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with legal requirements.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees. These costs are based on the higher of the guideline value or the actual sale price, which ensures that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 23rd Street?

The current guideline value of Jayanthi Nagar 23rd 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, with various revisions affecting the value over the years.

What is the land classification for Jayanthi Nagar 23rd Street?

The land classification for Jayanthi Nagar 23rd Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Jayanthi Nagar 23rd Street?

The Alandur Sub Registrar Office covers Jayanthi Nagar 23rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 39,00,000, the stamp duty would be calculated at 7% of that amount.