Guideline Value for Jayaraman Street/ Ganapathy Nagar

Jayaraman Street/ Ganapathy Nagar guideline value

The current guideline value of Jayaraman Street/ Ganapathy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Jayaraman Street/ Ganapathy Nagar has changed

The guideline value for Jayaraman Street/ Ganapathy Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 157 per sq.ft. This increased to Rs 178 per sq.ft in 2003, marking a change of 13%. The value saw a significant rise to Rs 260 per sq.ft in 2007, which was a 46% increase. By 2017, the guideline value reached Rs 1,072 per sq.ft, representing a remarkable 312% increase from the previous revision. However, there is no figure available for this street in the 2012 revision.

In the 2023 revision, the guideline value was set at Rs 1,600 per sq.ft, showing a 49% increase from the 2017 figure. The most recent revision in 2024 has brought the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 1,021%.

Guideline values in Pammal

Pammal village features a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing the guideline value of Jayaraman Street/ Ganapathy Nagar below this median.

• Jayaprakash Street: Rs 1,760 per sq.ft (2024)
• Jayaram Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Jayatheeratha Rao Street, LIC Colony Extn: Rs 2,530 per sq.ft (2024)
• Jayatheerthan Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Jeevanandham Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Jeevanandhan Street / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaraman Street/ Ganapathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fees would be Rs 1,58,400. It is important to note that 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 information.

Which Sub Registrar Office covers Jayaraman Street/ Ganapathy Nagar?

The Sub Registrar Office that covers Jayaraman Street/ Ganapathy Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value serves as a benchmark for the transaction. Buyers and sellers should be aware of the current guideline value to ensure that they are complying with legal requirements and accurately assessing the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Jayaraman Street/ Ganapathy Nagar?

The current guideline value of Jayaraman Street/ Ganapathy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 157 per sq.ft to Rs 1,760 per sq.ft in 2024, which is an overall increase of 1,021%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles the registration for Jayaraman Street/ Ganapathy Nagar?

The Pammal Sub Registrar Office handles the registration for Jayaraman Street/ Ganapathy Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as a benchmark for determining the legal costs involved in buying or selling property.