Guideline Value for Jayaraman Street

Jayaraman Street guideline value

The current guideline value of Jayaraman Street, located in Thiruneermalai village, falls under the Pammal SRO and is classified as Residential Class I Type - I. As of the 2024 revision effective from 1 July 2024, the guideline value is Rs 2,420 per sq.ft.

How the guideline value of Jayaraman Street has changed

The guideline value for Jayaraman Street has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, the value surged to Rs 1,474 per sq.ft in 2017, marking a 321% increase from the previous revision. The 2023 revision set the value at Rs 2,200 per sq.ft, which was a 49% increase from 2017. The latest revision in 2024 has raised the guideline value to Rs 2,420 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 676%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the guideline value for Jayaraman Street.

• Jayaram Nagar 1st Street: Rs 2,420 per sq.ft (2024)
• Jayaram Nagar 2nd Street: Rs 2,420 per sq.ft (2024)
• Jayaram Nagar Main Road: Rs 2,420 per sq.ft (2024)
• Jegajeevanram Nagar (S.no.265 Only): Rs 2,200 per sq.ft (2024)
• J.R.Nagar: Rs 1,320 per sq.ft (2024)
• Kabilar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaraman Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Together, the total fees would be Rs 2,17,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Jayaraman Street?

The Sub Registrar Office covering Jayaraman Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thiruneermalai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared against the sale price. The higher of the two values is used to determine the applicable duties and fees, thereby ensuring 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 2,420 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 312 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of 676%.

What are the other streets with the same guideline value in Thiruneermalai?

Other streets in Thiruneermalai with the same guideline value of Rs 2,420 per sq.ft include Jayaram Nagar 1st Street, Jayaram Nagar 2nd Street, and Jayaram Nagar Main Road.

What are the stamp duty and registration fees for property in Jayaraman Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles registrations for properties in Jayaraman Street?

The Pammal Sub Registrar Office handles registrations for properties in Jayaraman Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.