Guideline Value for Jayanthi Nagar 6th Street

Jayanthi Nagar 6th Street guideline value

The current guideline value of Jayanthi Nagar 6th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Jayanthi Nagar 6th Street has changed

The guideline value for Jayanthi Nagar 6th 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, there was a significant rise to Rs 1,300 per sq.ft in 2007, and by 2012, it had reached Rs 3,500 per sq.ft. However, the value dropped to Rs 2,345 per sq.ft in 2017, before climbing to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 shows an increase to Rs 3,900 per sq.ft.

Between the revisions, notable changes include an increase of 11% from 2023 to 2024 and a 49% rise from 2017 to 2023. The years 2012 to 2017 saw a decrease of 33%, while 2007 to 2012 experienced a substantial increase of 169%. The period from 2003 to 2007 also showed a significant rise of 192%. Overall, from 2002 to 2024, the guideline value has increased by 882%.

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. The median guideline value for these streets is Rs 2,800 per sq.ft, placing Jayanthi Nagar 6th Street above this median.

• Jayanthi Nagar 7th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 6th main road: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 8th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 9th 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 6th 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 cost 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Jayanthi Nagar 6th Street?

The Sub Registrar Office that covers Jayanthi Nagar 6th 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 in property transactions in Ullagaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly affect the total cost of the transaction. Understanding how the guideline value is applied can help in making informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Jayanthi Nagar 6th 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 increased from Rs 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 882% over this period.

What is the land classification for Jayanthi Nagar 6th Street?

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

Where can I find the Sub Registrar Office for Jayanthi Nagar 6th Street?

The Sub Registrar Office covering Jayanthi Nagar 6th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Jayanthi Nagar 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.