Guideline Value for Jayanthi Nagar 6th Main Road

Jayanthi Nagar 6th Main Road guideline value

The current guideline value of Jayanthi Nagar 6th Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam 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 6th Main Road has changed

The guideline value for Jayanthi Nagar 6th Main Road has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,500 per sq.ft. This figure remained until the next revision in 2017, where it dropped to Rs 2,345 per sq.ft. Following this, the value rose significantly to Rs 3,500 per sq.ft in 2023, and further increased to Rs 3,900 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, from 2017 to 2023, the value saw a substantial increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been an 11% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which means that Jayanthi Nagar 6th Main Road's current value aligns with this median.

• Jeevan Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Jeevan Nagar 2nd Street: Rs 5,000 per sq.ft (2024)
• Jeevan Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Jeevan Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Jeevan Nagar 5th Street: Rs 5,000 per sq.ft (2024)
• Jeevan Nagar Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar 6th Main Road

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, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayanthi Nagar 6th Main Road?

The Sub Registrar Office that covers Jayanthi Nagar 6th Main Road 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 Adambakkam

The guideline value is a crucial factor during the registration process of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to calculate the associated costs accurately.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered. This ensures that the transaction is transparent and adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 6th Main Road?

The current guideline value of Jayanthi Nagar 6th Main Road 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 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Jayanthi Nagar 6th Main Road?

The land classification for Jayanthi Nagar 6th Main Road is Residential Class I Type - III.

What are the stamp duty and registration fees for properties in Jayanthi Nagar 6th Main Road?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where is the Sub Registrar Office for Jayanthi Nagar 6th Main Road located?

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