Guideline Value for Jayanthi Nagar Karumariyamman Koil Street

Jayanthi Nagar Karumariyamman Koil Street guideline value

The current guideline value of Jayanthi Nagar Karumariyamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO with a land classification of Residential Class II Type - I.

How the guideline value of Jayanthi Nagar Karumariyamman Koil Street has changed

The guideline value for Jayanthi Nagar Karumariyamman Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is an increase from Rs 1,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, indicating a significant increase of 49% over the six-year period leading up to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 64%. This change reflects the evolving property landscape in the area, with the current value now established at Rs 1,100 per sq.ft.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Jayanthi Nagar Karumariyamman Koil Street's guideline value is below this median.

• Jayanthi Nagar: Rs 1,320 per sq.ft (2024)
• Jeevadoss Nagar: Rs 1,100 per sq.ft (2024)
• Jeeva Street: Rs 1,100 per sq.ft (2024)
• Jagajeevan Ram Street: Rs 1,100 per sq.ft (2024)
• J.J. Nagar: Rs 1,320 per sq.ft (2024)
• Jothi Mani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar Karumariyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that 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 Karumariyamman Koil Street?

The Sub Registrar Office that covers Jayanthi Nagar Karumariyamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pozhichalur

The guideline value is an essential factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar Karumariyamman Koil Street?

The current guideline value of Jayanthi Nagar Karumariyamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the stamp duty for properties in Jayanthi Nagar Karumariyamman Koil Street?

The stamp duty for properties in Jayanthi Nagar Karumariyamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jayanthi Nagar Karumariyamman Koil Street?

The Sub Registrar Office for Jayanthi Nagar Karumariyamman Koil Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the other streets in Pozhichalur with their guideline values?

Other streets in Pozhichalur include Jayanthi Nagar at Rs 1,320 per sq.ft, Jeevadoss Nagar, Jeeva Street, and Jagajeevan Ram Street all at Rs 1,100 per sq.ft, and J.J. Nagar and Jothi Mani Street at Rs 1,320 and Rs 1,100 per sq.ft respectively.