Guideline Value for Jayasali Nagar

Jayasali Nagar guideline value

The current guideline value of Jayasali Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This locality is situated in Chennerkuppam village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Jayasali Nagar has changed

The guideline value for Jayasali Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 450 per sq.ft, which increased to Rs 1,300 per sq.ft in 2012. However, it then decreased to Rs 871 per sq.ft in 2017. The value rose dramatically to Rs 1,300 per sq.ft in 2023, and currently stands at Rs 1,430 per sq.ft as of the 2024 revision. The changes from 2017 to 2023 reflect a 49% increase, while the jump from 2023 to 2024 is 10%. Overall, the guideline value has increased by 218% from 2007 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. The fluctuations in the guideline value over the years indicate various adjustments made by the authorities.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing the 2024 figure for Jayasali Nagar below this median.

• J.D. Nagar: Rs 1,540 per sq.ft (2024)
• Jeevan Prekash Nagar: Rs 1,430 per sq.ft (2024)
• Kamarajar Veethi: Rs 1,100 per sq.ft (2024)
• Gangai Amman Nagar: Rs 1,430 per sq.ft (2024)
• D.R.R. Nagar: Rs 1,100 per sq.ft (2024)
• Kuppuswamy Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Jayasali Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayasali Nagar?

The Sub Registrar Office that covers Jayasali Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chennerkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Jayasali Nagar?

The current guideline value of Jayasali Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 450 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 218%.

What is the median guideline value in Chennerkuppam?

The median guideline value for streets in Chennerkuppam is Rs 1,540 per sq.ft, with Jayasali Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Jayasali Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 14,30,000, with a stamp duty of Rs 1,00,100 and a registration fee of Rs 28,600, totaling Rs 1,28,700.

Where is the Sub Registrar Office for Jayasali Nagar located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, covering Jayasali Nagar.