Guideline Value for Jayanthi Nagar 5th Street

Jayanthi Nagar 5th Street guideline value

The current guideline value of Jayanthi Nagar 5th 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 5th Street has changed

The guideline value for Jayanthi Nagar 5th Street has seen several revisions over the years. In 2002, the value was Rs 397 per sq.ft. It increased to Rs 445 per sq.ft in 2003, followed by a significant rise to Rs 1,300 per sq.ft in 2007. The value remained at Rs 3,500 per sq.ft in 2012, but then dropped to Rs 2,345 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, and as of 1 July 2024, it is now Rs 3,900 per sq.ft.

Looking at the changes, from 2002 to 2024, the overall increase is 882%. The value rose by 12% from 2002 to 2003, followed by a 192% increase from 2003 to 2007. The value then surged by 169% from 2007 to 2012, but saw a decline of 33% from 2012 to 2017. A notable increase of 49% occurred between 2017 and 2023, and finally, there was an 11% rise from 2023 to 2024.

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 is Rs 2,800 per sq.ft, placing Jayanthi Nagar 5th Street's 2024 figure above this median.

• Jayanthi Nagar 4th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 6th main road: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 6th 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 5th 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, making the total charges 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Nagar 5th Street?

The Sub Registrar Office that covers Jayanthi Nagar 5th 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 of property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to understand the financial implications of the registration process.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 5th Street?

The current guideline value of Jayanthi Nagar 5th 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, reflecting an overall increase of 882%.

What are the stamp duty and registration fees for properties in Jayanthi Nagar 5th Street?

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

Which office handles registrations for Jayanthi Nagar 5th Street?

The Alandur Sub Registrar Office handles registrations for Jayanthi Nagar 5th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees payable during property transactions. It is essential for buyers and sellers to be aware of this value for accurate financial planning during the registration process.