Guideline Value for Jayaprakash Street

Jayaprakash Street guideline value

The current guideline value of Jayaprakash Street in Periyakuppam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Jayaprakash Street has changed

The guideline value for Jayaprakash Street has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% increase. However, it then decreased to Rs 804 per sq.ft in 2017, representing a decline of 33%. The value saw a substantial rise again, reaching Rs 1,200 per sq.ft in 2023, and then further increasing to Rs 1,320 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

The revisions for the years 2002 and 2003 do not have figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which means that the 2024 value of Jayaprakash Street is above this median.

• Jansie Rani Street: Rs 1,100 per sq.ft (2024)
• J.N. Road: Rs 3,300 per sq.ft (2024)
• Jain Nagar: Rs 1,650 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 1,100 per sq.ft (2024)
• Jagan Nathan Nagar: Rs 879 per sq.ft (2024)
• Jagageevan Ram Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaprakash Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaprakash Street?

The Sub Registrar Office that covers Jayaprakash Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing property in Periyakuppam, the guideline value also influences the calculation of stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Jayaprakash Street?

The current guideline value of Jayaprakash Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 560%.

What are the stamp duty and registration fees for properties on Jayaprakash Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for properties in Periyakuppam?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for properties in Periyakuppam, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value for streets in Periyakuppam?

The median guideline value for streets in Periyakuppam is Rs 1,100 per sq.ft, with Jayaprakash Street's 2024 value being above this median.