Guideline Value for Jeyabarath Apartments

Jeyabarath Apartments guideline value

The current guideline value of Jeyabarath Apartments is Rs 7,100 per sq.ft, effective from 1 July 2024. It is located in 1. Nolambur village under the Villivakkam SRO, classified as Residential Special Type - I.

How the guideline value of Jeyabarath Apartments has changed

The guideline value for Jeyabarath Apartments has seen several revisions over the years. The 2017 revision set the value at Rs 4,355 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 brought the value to Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO with a 2024 guideline value range from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which matches the guideline value of Jeyabarath Apartments.

• Jain Sundarbans [Guruswamy Street]: Rs 7,100 per sq.ft (2024)
• Jain Nakshathra: Rs 7,100 per sq.ft (2024)
• Iswarya Nagar: Rs 5,500 per sq.ft (2024)
• Iswaryam Phase II: Rs 7,100 per sq.ft (2024)
• Guruswamy Street [Jain Sundarbans]: Rs 7,100 per sq.ft (2024)
• Golden Fortune: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyabarath Apartments

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeyabarath Apartments?

The Jeyabarath Apartments fall under the jurisdiction of the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor in the registration process when buying or selling property in 1. Nolambur. It determines the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property. Buyers and sellers must consider this value to understand the financial implications of their transaction.

Frequently asked questions

What is the current guideline value of Jeyabarath Apartments?

The current guideline value of Jeyabarath Apartments is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 4,355 per sq.ft to Rs 7,100 per sq.ft in 2024, marking an overall increase of 63%.

What are the stamp duty and registration fees for Jeyabarath Apartments?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 6,39,000, which includes Rs 4,97,000 in stamp duty and Rs 1,42,000 in registration fees.

Which Sub Registrar Office covers Jeyabarath Apartments?

The Villivakkam Sub Registrar Office covers Jeyabarath Apartments, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Jeyabarath Apartments?

Jeyabarath Apartments is classified as Residential Special Type - I under the Villivakkam SRO.