Guideline Value for Jayaram Nagar 4th Street

Jayaram Nagar 4th Street guideline value

The current guideline value of Jayaram Nagar 4th Street is Rs 4,400 per sq.ft. This street is located in Kolathur village under the Sembiam SRO, with a land classification of Residential Special Type - I.

How the guideline value of Jayaram Nagar 4th Street has changed

The guideline value for Jayaram Nagar 4th Street has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, the value decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. Following this, the value rose sharply to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

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

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Rs 4,400 per sq.ft for Jayaram Nagar 4th Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees Rs 3,96,000. 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 Jayaram Nagar 4th Street?

The Sub Registrar Office that covers Jayaram Nagar 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kolathur. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must refer to the current guideline value to understand the financial obligations associated with their property transactions.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. This ensures that both parties are aware of the financial implications before finalizing the sale.

Frequently asked questions

What is the current guideline value for Jayaram Nagar 4th Street?

The current guideline value for Jayaram Nagar 4th 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, reflecting an overall increase of 340% over the years.

What are the registration fees for properties in Jayaram Nagar 4th Street?

The registration fees for properties in Jayaram Nagar 4th Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

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

What is the land classification for Jayaram Nagar 4th Street?

The land classification for Jayaram Nagar 4th Street is Residential Special Type - I, indicating its intended use for residential purposes.