Guideline Value for Jeyandran Street

Jeyandran Street guideline value

The current guideline value of Jeyandran Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Jeyandran Street has changed

The guideline value for Jeyandran Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision brought it up to Rs 2,750 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024, and by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, comparing the 2012 and 2024 figures, there has been a 10% increase in the guideline value.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with a 2024 guideline value range from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Jeyandran Street's 2024 figure above this median.

• Jothi Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Jothi Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Jothi Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• Jothi Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Jothi Nagar 6th Street: Rs 2,750 per sq.ft (2024)
• Jothi Nagar 7th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyandran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeyandran Street?

The Sub Registrar Office that covers Jeyandran Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Chitlapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as it directly affects the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the government receives the correct revenue from property transactions. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jeyandran Street?

The current guideline value of Jeyandran Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Jeyandran Street?

Jeyandran Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the guideline values of other streets in Chitlapakkam?

Other streets in Chitlapakkam have guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft, with Jeyandran Street's value being above the median of Rs 1,650 per sq.ft.

Where can I find the Sub Registrar Office for Jeyandran Street?

The Sub Registrar Office for Jeyandran Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.