Guideline Value for Jayanthi Nagar

Jayanthi Nagar guideline value

The current guideline value of Jayanthi Nagar, located in Thalakanancherry village under the Alandur SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Jayanthi Nagar has changed

The guideline value for Jayanthi Nagar has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 129% rise. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. Following this, the value surged to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase, and has now risen to Rs 4,400 per sq.ft in 2024, a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 151%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Jayanthi Nagar's 2024 figure above this median.

• Kalaimathi Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Kalaimathi Nagar Main: Rs 2,800 per sq.ft (2024)
• Indira Gandhi Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Jayanthi Nagar?

The Jayanthi Nagar area is covered by 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 Thalakanancherry

The guideline value is a crucial factor when registering property transactions in Thalakanancherry. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair price for the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar?

The current guideline value of Jayanthi Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting various increases and one decrease over the years.

What is the land classification for Jayanthi Nagar?

Jayanthi Nagar is classified as Residential Class I Type - II, which is important for understanding the permissible uses of the land.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

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

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