Guideline Value for Jayatheeratha Rao Street, LIC Colony Extn

Jayatheeratha Rao Street, LIC Colony Extn guideline value

The current guideline value of Jayatheeratha Rao Street, LIC Colony Extn is Rs 2,530 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 I Type - I.

How the guideline value of Jayatheeratha Rao Street, LIC Colony Extn has changed

The guideline value for this street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,541 per sq.ft, which increased to Rs 2,300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 2,530 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value across these streets is Rs 2,090 per sq.ft, placing Jayatheeratha Rao Street, LIC Colony Extn above this median.

• Jayatheerthan Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Jayaram Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Jayaraman Street/ Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Jayaprakash Street: Rs 1,760 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 Jayatheeratha Rao Street, LIC Colony Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. Please note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayatheeratha Rao Street, LIC Colony Extn?

The Sub Registrar Office covering Jayatheeratha Rao Street, LIC Colony Extn is located at Pammal Sub Registrar Office, 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 Pammal

The guideline value is a crucial reference point during property transactions in Pammal. It is used to determine the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayatheeratha Rao Street, LIC Colony Extn?

The current guideline value of Jayatheeratha Rao Street, LIC Colony Extn is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,541 per sq.ft to Rs 2,530 per sq.ft in 2024. The most recent change from 2023 to 2024 was a 10% increase.

What is the median guideline value in Pammal?

The median guideline value across the 926 streets in Pammal is Rs 2,090 per sq.ft. Jayatheeratha Rao Street, LIC Colony Extn is above this median at Rs 2,530 per sq.ft.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Jayatheeratha Rao Street, LIC Colony Extn is located at Pammal Sub Registrar Office, Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.