Guideline Value for Jayaram Naidu Street (Jayaram Street)

Jayaram Naidu Street (Jayaram Street) guideline value

The current guideline value of Jayaram Naidu Street (Jayaram Street) is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jayaram Naidu Street (Jayaram Street) has changed

The guideline value for Jayaram Naidu Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision that had it at Rs 1,675 per sq.ft. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

In summary, the guideline value has changed significantly from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 12% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 6,600 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Jayaram Naidu Street is below this median.

• John Desikan Street: Rs 3,300 per sq.ft (2024)
• Joseph 1st Street: Rs 4,400 per sq.ft (2024)
• Joseph 2nd Street: Rs 4,400 per sq.ft (2024)
• Joseph Street First Street: Rs 4,400 per sq.ft (2024)
• Jain College: Rs 4,400 per sq.ft (2024)
• Kadhar Thottam: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Naidu Street (Jayaram Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaram Naidu Street (Jayaram Street)?

The Sub Registrar Office that covers Jayaram Naidu Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nanganallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected based on the value of the property being transferred. This helps maintain transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Jayaram Naidu Street?

The current guideline value of Jayaram Naidu Street (Jayaram Street) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, with various revisions in between. The most recent revision in 2024 saw an increase of 12% from the previous year.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,00,000. The stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations for Jayaram Naidu Street?

The Alandur Sub Registrar Office handles property registrations for Jayaram Naidu Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that taxes are collected based on the property's value during registration.