Guideline Value for Jayaram Nagar 3rd Street

Jayaram Nagar 3rd Street guideline value

The current guideline value of Jayaram Nagar 3rd Street is Rs 4,400 per sq.ft. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jayaram Nagar 3rd Street has changed

The guideline value for Jayaram Nagar 3rd Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, representing a 300% rise. However, it dropped to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has risen by 340%. There are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Jayaram Nagar 3rd Street above this median.

• Jayaram Nagar 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Jayaram Nagar 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Jayaram Nagar 4th Main Road: Rs 4,400 per sq.ft (2024)
• Jayaram Nagar 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Jayaram Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Jayaram Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nagar 3rd Street

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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaram Nagar 3rd Street?

The Sub Registrar Office that covers Jayaram Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

When buying or selling property in Kolathur, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is used by the registration department to calculate the applicable fees, ensuring that transactions are conducted in accordance with the law.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jayaram Nagar 3rd Street?

The current guideline value of Jayaram Nagar 3rd Street 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 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340% over the years.

What is the land classification for Jayaram Nagar 3rd Street?

The land classification for Jayaram Nagar 3rd Street is Residential Special Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Jayaram Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.