Guideline Value for Jayavinayagar Koil Street

Jayavinayagar Koil Street guideline value

The current guideline value of Jayavinayagar Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the Adayar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Jayavinayagar Koil Street has changed

The guideline value for Jayavinayagar Koil Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 330 per sq.ft. This increased to Rs 391 per sq.ft in 2003, marking an increase of 18%. The value saw a significant rise to Rs 1,750 per sq.ft in 2007, which was an increase of 348%. In 2012, the value was Rs 5,000 per sq.ft, reflecting a substantial increase of 186% from the previous figure. However, the value decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The guideline value then increased to Rs 5,000 per sq.ft in 2023, followed by a further increase to Rs 5,500 per sq.ft in 2024, which represents a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,567%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Jayavinayagar Koil Street's 2024 guideline value below this median.

• Jayaram Avenue: Rs 6,600 per sq.ft (2024)
• Jeevarathinam Nagar: Rs 9,900 per sq.ft (2024)
• Jeevarathinam Nagar Main Road: Rs 9,900 per sq.ft (2024)
• Jeevarathnam Nagar 1st Street: Rs 9,900 per sq.ft (2024)
• Jeevarathnam Nagar 2nd Street: Rs 9,900 per sq.ft (2024)
• Karpagam Garden 1st Cross Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jayavinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jayavinayagar Koil Street?

The Sub Registrar Office that covers Jayavinayagar Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Urur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the negotiated sale price.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayavinayagar Koil Street?

The current guideline value of Jayavinayagar Koil Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 330 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1,567% over this period.

What is the land classification for Jayavinayagar Koil Street?

Jayavinayagar Koil Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

The Adayar Sub Registrar Office, which covers Jayavinayagar Koil Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the stamp duty and registration fees for a property in Jayavinayagar Koil Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.