Guideline Value for Jayasundar Avenue

Jayasundar Avenue guideline value

The current guideline value of Jayasundar Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jayasundar Avenue has changed

The guideline value for Jayasundar Avenue has undergone several revisions over the years. In 2007, the value was Rs 328 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 205% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. Following this, the value rose again to Rs 1,000 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, resulting in the current guideline value of Rs 1,000 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Jayasundar Avenue's 2024 figure below that median.

• Jegadesh Nagar: Rs 1,000 per sq.ft (2024)
• Jesuraja Nagar: Rs 1,000 per sq.ft (2024)
• Jesuraja Nagar Extn: Rs 1,000 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Jeyaram Nagar: Rs 1,500 per sq.ft (2024)
• Janak Pushpa Shanthi Nagar: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jayasundar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, totaling Rs 70,000, and the registration fee at 2%, totaling Rs 20,000. Together, the fees amount to Rs 90,000. 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 Jayasundar Avenue?

The Sub Registrar Office covering Jayasundar Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Nandhivaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Jayasundar Avenue?

The current guideline value of Jayasundar Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 328 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification of Jayasundar Avenue?

Jayasundar Avenue is classified as Residential Class II Type - I.

Which office handles registrations for properties in Jayasundar Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for properties in Jayasundar Avenue.

What are the stamp duty and registration fees for properties?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft property at Rs 1,000 per sq.ft, the total fees would be Rs 90,000.