Guideline Value for Jayanthi Nagar Main

Jayanthi Nagar Main guideline value

The current guideline value of Jayanthi Nagar Main is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Jayanthi Nagar Main has changed

Over the years, the guideline value of Jayanthi Nagar Main has seen significant changes. The earliest recorded revision was in 2003, when the value was Rs 445 per sq.ft. This figure increased to Rs 1,300 per sq.ft in 2007, marking a growth of 192%. The value then rose to Rs 3,500 per sq.ft in 2012, reflecting a 169% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 saw the value rise to Rs 3,500 per sq.ft, followed by a further increase to Rs 3,900 per sq.ft in 2024, which is an 11% change from the previous year.

There is no recorded figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 776%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Jayanthi Nagar Main's 2024 figure above that median.

• Jayanthi Nagar 9th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 8th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 7th Street: 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 Main

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, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Nagar Main?

The Sub Registrar Office that covers Jayanthi Nagar Main 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

When buying or selling property in Ullagaram, the guideline value plays a crucial role in determining the registration fees and stamp duty. These charges are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded officially and accurately.

It is essential for buyers and sellers to be aware of the current guideline values, as they directly influence the costs associated with property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar Main?

The current guideline value of Jayanthi Nagar Main 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 significantly from Rs 445 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Ullagaram?

The median guideline value for the 298 streets in Ullagaram is Rs 2,800 per sq.ft, with Jayanthi Nagar Main's value being above this median.

What are the stamp duty and registration fees for Jayanthi Nagar Main?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000, with a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000, totaling Rs 3,51,000.

Which office handles registrations for Jayanthi Nagar Main?

The Alandur Sub Registrar Office handles registrations for Jayanthi Nagar Main, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.