Guideline Value for Jayaraman Street

Jayaraman Street guideline value

The current guideline value of Jayaraman Street in Ullagaram village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Alandur SRO and is classified as Residential Class II Type - II.

How the guideline value of Jayaraman Street has changed

The guideline value for Jayaraman Street has undergone several revisions over the years. In 2002, the value was Rs 140 per sq.ft, which increased significantly to Rs 157 per sq.ft in 2003. Following that, the value saw a substantial rise to Rs 1,000 per sq.ft in 2007, and then it further increased to Rs 2,000 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft. The most recent revisions show an increase to Rs 2,000 per sq.ft in 2023, and the current value stands at Rs 2,200 per sq.ft as of 2024.

Overall, from 2002 to 2024, the guideline value has risen by 1,471%. The register has no figures for the years not mentioned in the provided data.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, making Jayaraman Street's 2024 figure below that median.

• Jayanthi Nagar Main: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 9th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 8th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 7th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 6th Street: Rs 3,900 per sq.ft (2024)
• Jayanthi Nagar 6th main road: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaraman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaraman Street?

The Sub Registrar Office that covers Jayaraman 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 Ullagaram

The guideline value is a crucial factor when registering property in Ullagaram. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value as it affects the overall transaction costs. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jayaraman Street?

The current guideline value of Jayaraman Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 in 2002 to Rs 2,200 in 2024, reflecting an overall increase of 1,471% over this period.

What are the other streets with guideline values in Ullagaram?

Other streets in Ullagaram include Jayanthi Nagar Main, Jayanthi Nagar 9th Street, Jayanthi Nagar 8th Street, Jayanthi Nagar 7th Street, Jayanthi Nagar 6th Street, and Jayanthi Nagar 6th main road, all valued at Rs 3,900 per sq.ft in 2024.

What fees are involved when registering property in Jayaraman Street?

When registering property in Jayaraman Street, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Jayaraman Street located?

The Sub Registrar Office for Jayaraman Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.