Guideline Value for Jayanthi Nagar 4th Street

Jayanthi Nagar 4th Street guideline value

The current guideline value of Jayanthi Nagar 4th 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 4th Street has changed

The guideline value for Jayanthi Nagar 4th 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, the value rose significantly to Rs 1,300 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then increased again to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft from the 2024 revision.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is +882%. The jump from 2017 to 2023 was +49%, while the 2012 to 2017 revision saw a decrease of -33%. The most significant increase occurred from 2007 to 2012 with a rise of +169%, and from 2003 to 2007 with an increase of +192%. The latest revision from 2023 to 2024 reflects an increase of +11%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,800 per sq.ft, placing Jayanthi Nagar 4th Street above this median with its current value of Rs 3,900 per sq.ft.

• Jayanthi Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 6th main road: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 23rd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 22nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 4th 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 fees together 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Nagar 4th Street?

The Sub Registrar Office that covers Jayanthi Nagar 4th 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 registering a property in Ullagaram. It determines the amount of stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware that the guideline value will influence the overall cost of purchasing or selling property in this area.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 4th Street?

The current guideline value of Jayanthi Nagar 4th 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 the years.

What is the stamp duty for a property in Jayanthi Nagar 4th Street?

The stamp duty for a property in Jayanthi Nagar 4th Street is 7% of the guideline value. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000.

Where is the Sub Registrar Office for Jayanthi Nagar 4th Street located?

The Sub Registrar Office for Jayanthi Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Jayanthi Nagar 4th Street?

The land classification for Jayanthi Nagar 4th Street is Residential Class I Type - III, indicating its designated use for residential purposes.