Guideline Value for Jayanthi Nagar 9th Street

Jayanthi Nagar 9th Street guideline value

The current guideline value of Jayanthi Nagar 9th 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 9th Street has changed

The guideline value for Jayanthi Nagar 9th Street has undergone 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, marking a 12% rise. The value saw a significant jump to Rs 1,300 per sq.ft in 2007, representing a 192% increase. Following this, the value rose to Rs 3,500 per sq.ft in 2012, an increase of 169%. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, a rise of 49%, and finally reached Rs 3,900 per sq.ft in 2024, marking an 11% increase.

There are no figures available for revisions in the years not mentioned. The overall change from 2002 to 2024 is an increase of 882% in the guideline value.

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 guideline value for these streets is Rs 2,800 per sq.ft, placing Jayanthi Nagar 9th Street above this median value.

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

Stamp duty and registration fee for property in Jayanthi Nagar 9th 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, 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Nagar 9th Street?

The Sub Registrar Office that covers Jayanthi Nagar 9th 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 when registering property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official registry.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar 9th Street?

The current guideline value of Jayanthi Nagar 9th 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, showing an overall increase of 882% over this period.

What is the stamp duty for property in Jayanthi Nagar 9th Street?

The stamp duty for property in Jayanthi Nagar 9th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jayanthi Nagar 9th Street?

The Sub Registrar Office for Jayanthi Nagar 9th Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are other streets with the same guideline value in Ullagaram?

Other streets in Ullagaram with the same guideline value of Rs 3,900 per sq.ft include Jayanthi Nagar 8th Street, Jayanthi Nagar 7th Street, Jayanthi Nagar Main, Jayanthi Nagar 6th Street, Jayanthi Nagar 6th main road, and Jayanthi Nagar 5th Street.