Guideline Value for Jayanthi Town Part I

Jayanthi Town Part I guideline value

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

How the guideline value of Jayanthi Town Part I has changed

Over the years, the guideline value for Jayanthi Town Part I has seen several revisions. The 2007 revision set the value at Rs 40 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2012 revision. However, there was a decrease to Rs 201 per sq.ft in the 2017 revision, before rising back to Rs 300 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 650%, maintaining a consistent value of Rs 300 per sq.ft in the latest two revisions.

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 guideline value for these streets is Rs 300 per sq.ft, which aligns with the current guideline value for Jayanthi Town Part I.

• Jayanthi Town Part II: 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 I

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jayanthi Town Part I?

The Sub Registrar Office that covers Jayanthi Town Part I 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 is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps determine the applicable stamp duty and registration fees. Buyers must be aware that these charges are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Jayanthi Town Part I?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in both 2023 and 2024.

What is the land classification for Jayanthi Town Part I?

Jayanthi Town Part I is classified as Residential Class II Type - I.

Where can I find the registration office for Jayanthi Town Part I?

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

How is the stamp duty calculated for properties in Jayanthi Town Part I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.