Guideline Value for Jeeyar Narayanapalayam Street

Jeeyar Narayanapalayam Street guideline value

The current guideline value of Jeeyar Narayanapalayam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - II.

How the guideline value of Jeeyar Narayanapalayam Street has changed

The guideline value for Jeeyar Narayanapalayam Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft again in 2023, and currently stands at Rs 1,100 per sq.ft as per the 2024 revision.

Between the revisions, there have been notable changes. The value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Jeeyar Narayanapalayam Street's 2024 figure below this median.

• Javulikadai Sathiram (Gandhi Road): Rs 11,000 per sq.ft (2024)
• Ithar Street: Rs 1,100 per sq.ft (2024)
• Itharpattarai Street: Rs 1,100 per sq.ft (2024)
• Irumbu Santhu: Rs 5,500 per sq.ft (2024)
• Kalvai karai Veeth (Bavaji Street): Rs 2,200 per sq.ft (2024)
• Hospital Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeyar Narayanapalayam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. It is important to note that 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 Jeeyar Narayanapalayam Street?

The Sub Registrar Office that covers Jeeyar Narayanapalayam Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in property transactions within the 2nd Division. It serves as a benchmark for determining the registration fees and stamp duty that buyers must pay when purchasing property. The buyer must ensure that the transaction adheres to the guideline value set by the registration department.

When selling property, the guideline value can influence the sale price, as it reflects the official valuation of the property. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Jeeyar Narayanapalayam Street?

The current guideline value of Jeeyar Narayanapalayam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and currently to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in 2nd Division?

The median guideline value in the 2nd Division village is Rs 1,650 per sq.ft, which is higher than the current value of Jeeyar Narayanapalayam Street.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Which office handles the registration for Jeeyar Narayanapalayam Street?

The Kanchipuram Joint IV Sub Registrar Office handles the registration for Jeeyar Narayanapalayam Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.