Guideline Value for Jayaram Street South

Jayaram Street South guideline value

The current guideline value of Jayaram Street South is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Jayaram Street South has changed

The guideline value for Jayaram Street South has seen several revisions over the years. In 2002, the guideline value was Rs 410 per sq.ft, which increased to Rs 447 per sq.ft in 2003. The value then rose significantly to Rs 800 per sq.ft in 2007, followed by a substantial jump to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017, before climbing back to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 3,301 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 705% from 2002 to 2024. Notably, there are no figures available for this street for the years not mentioned in the revisions.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is equal to the current guideline value of Jayaram Street South.

• Jayaram Street North: Rs 3,301 per sq.ft (2024)
• Jayaram Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Jayaraman Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Jegannathan Street: Rs 3,301 per sq.ft (2024)
• Jegannatharaja Street: Rs 3,301 per sq.ft (2024)
• Jegatheesan Street (Vetri Nagar Extension): Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Street South

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value amounts to Rs 33,01,000. The stamp duty is calculated at 7%, which totals Rs 2,31,070, and the registration fee is 2%, amounting to Rs 66,020. Together, the total cost for stamp duty and registration fees would be Rs 2,97,090. 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 to estimate your costs.

Which Sub Registrar Office covers Jayaram Street South?

The Sub Registrar Office that covers Jayaram Street South 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 Peravallur

The guideline value is a crucial factor in property transactions in Peravallur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be informed about the current guideline value, as it directly impacts the financial obligations involved in the registration process. Understanding these values can help facilitate a smoother transaction.

Frequently asked questions

What is the current guideline value of Jayaram Street South?

The current guideline value of Jayaram Street South is Rs 3,301 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 410 per sq.ft in 2002 to Rs 3,301 per sq.ft in 2024, representing an overall increase of 705%.

What are the stamp duty and registration fees for properties in Jayaram Street South?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,01,000, with stamp duty at Rs 2,31,070 and registration fees at Rs 66,020, totaling Rs 2,97,090.

Where is the Sub Registrar Office for Jayaram Street South located?

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

How does the guideline value affect property transactions?

The guideline value determines the stamp duty and registration fees for property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.