Guideline Value for Jayaram Street

Jayaram Street guideline value

The current guideline value of Jayaram Street, located in Ayappakkam village under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Jayaram Street has changed

The guideline value for Jayaram Street has seen significant changes over the years. In 2002, the guideline value was Rs 79 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a rise of 27%. Following this, the value surged to Rs 400 per sq.ft in 2007, representing a substantial increase of 300%. The value then continued to rise to Rs 1,500 per sq.ft in 2012, reflecting a growth of 275%. However, the value decreased to Rs 1,005 per sq.ft in 2017, showing a decline of 33%. The most recent revisions show an increase to Rs 1,500 per sq.ft in 2023, and then to Rs 1,600 per sq.ft in 2024, which is a rise of 7%.

Overall, from 2002 to 2024, the guideline value has increased by 1,925%. The register has no figures for the years not mentioned in this summary.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Jayaram Street's current guideline value above this median.

• Jayaram Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Jaya Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Jayaram Nagar: Rs 1,100 per sq.ft (2024)
• Jeevarathina Naicker Nagar: Rs 1,100 per sq.ft (2024)
• Jeevarathina street (iyappan nagar extn): Rs 1,700 per sq.ft (2024)
• JK Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaram Street?

The Sub Registrar Office that covers Jayaram Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Ayappakkam. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid disputes and ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Jayaram Street?

The current guideline value of Jayaram Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 79 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 1,925% over this period.

What is the land classification for Jayaram Street?

The land classification for Jayaram Street is Residential Special Type - III.

What are the other streets in Ayappakkam with their guideline values?

Other streets in Ayappakkam have varying guideline values, with Jayaram Street being Rs 1,600 per sq.ft, while others range from Rs 1,100 to Rs 3,300 per sq.ft.

Where is the Sub Registrar Office for Jayaram Street located?

The Sub Registrar Office covering Jayaram Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.