Guideline Value for Jayapaul Street

Jayapaul Street guideline value

The current guideline value of Jayapaul Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Jayapaul Street has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 502 per sq.ft. The value increased to Rs 750 per sq.ft in the 2023 revision, and then further rose to Rs 830 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 11%.

From 2017 to 2023, there was a significant increase of 49%. However, there were no figures available for the revisions in 2002, 2003, and 2007 for Jayapaul Street.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current figure for Jayapaul Street.

• Jayamangala Nagar: Rs 990 per sq.ft (2024)
• Jagajeevan Ram Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 1st Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 2nd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 3rd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 4th Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jayapaul Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, resulting in a total of Rs 74,700. 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 Jayapaul Street?

The Sub Registrar Office that covers Jayapaul Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is sold, the guideline value is used to determine the official value for registration purposes. This helps maintain transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Jayapaul Street?

The current guideline value of Jayapaul Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Jayapaul Street?

Jayapaul Street is classified as Residential Class I Type - II as per the guideline value register.

Where can I find the Sub Registrar Office for Jayapaul Street?

The Tambaram Joint 1 Sub Registrar Office covers Jayapaul Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for property in Jayapaul Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 58,100.