Guideline Value for Jayanthi Town Part II

Jayanthi Town Part II guideline value

The current guideline value of Jayanthi Town Part II is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jayanthi Town Part II has changed

Over the years, the guideline value for Jayanthi Town Part II has seen several revisions. The earliest recorded figure is from 2007, which was Rs 40 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, followed by a decrease to Rs 201 per sq.ft in 2017. The 2023 revision maintained the value at Rs 300 per sq.ft, which has remained unchanged in the 2024 revision as well.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 was a remarkable 650%, while the overall increase from 2007 to 2024 stands at 650%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, which aligns with the guideline value for Jayanthi Town Part II.

• Jayanthi Town Part I: Rs 300 per sq.ft (2024)
• Joseph Nagar: Rs 400 per sq.ft (2024)
• Highways Nagar: Rs 600 per sq.ft (2024)
• Kamachi Avenue: Rs 300 per sq.ft (2024)
• Kamachi Avenue Phase - II: Rs 300 per sq.ft (2024)
• Kamachi Colony: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Town Part II

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It's 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 Town Part II?

The Sub Registrar Office that covers Jayanthi Town Part II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valarpuram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Jayanthi Town Part II?

The current guideline value of Jayanthi Town Part II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has varied over the years, with significant changes between 2007 and 2012, and again from 2017 to 2023. The overall increase from 2007 to 2024 is 650%.

What are the stamp duty and registration fees for a property in Jayanthi Town Part II?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 27,000, based on the current guideline value of Rs 3,00,000.

Where is the Sub Registrar Office for Jayanthi Town Part II located?

The Sub Registrar Office for Jayanthi Town Part II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the financial obligations are met accurately at the time of registration.