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 road 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 6th main road has changed

The guideline value for Jayanthi Nagar 6th main road has undergone several revisions over the years. In 2007, the value was Rs 2,300 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, it saw a decrease to Rs 2,345 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 3,900 per sq.ft.

Between the revisions, the changes were as follows: from 2017 to 2023, there was an increase of 49%; from 2012 to 2017, a decrease of 33%; from 2007 to 2012, an increase of 52%; and from 2023 to 2024, an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 70%. The register has no figures for the years 2002 and 2003 for this street.

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 value is Rs 2,800 per sq.ft, placing Jayanthi Nagar 6th main road's 2024 figure above this median.

• Jayanthi Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 4th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 6th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 7th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 2nd Street: Rs 3,900 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, making the total fees together Rs 3,51,000. It is important to note that 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 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 Ullagaram

The guideline value is a crucial factor in the registration process of property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers must be aware of the current guideline value to accurately calculate the costs associated with the registration of their property.

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 2,300 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 70% over the years.

What is the stamp duty on property in Jayanthi Nagar 6th main road?

The stamp duty on property in Jayanthi Nagar 6th main road is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Jayanthi Nagar 6th main road?

The Alandur Sub Registrar Office is responsible for Jayanthi Nagar 6th main road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Jayanthi Nagar 6th main road?

Jayanthi Nagar 6th main road is classified as Residential Class I Type - III under the land classification system.