Guideline Value for Jeyaprakash Street, Chennai 82

Jeyaprakash Street, Chennai 82 guideline value

The current guideline value of Jeyaprakash Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jeyaprakash Street, Chennai 82 has changed

The guideline value for Jeyaprakash Street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, in 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. From 2017 to 2023, the value surged to Rs 4,000 per sq.ft, which is a notable increase of 49%. The current value of Rs 4,400 per sq.ft from the 2024 revision represents a 10% increase from the previous year.

It is important to note that the register has no figures for Jeyaprakash Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Jeyaprakash Street's 2024 guideline value is below this median.

• J- Block, (East)7th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)6th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)2nd Street: Rs 11,000 per sq.ft (2024)
• Kamaraj nagar: Rs 3,300 per sq.ft (2024)
• Kamaraj Street (Block no 11): Rs 3,300 per sq.ft (2024)
• Kamaraj Street (GKM Colony) Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyaprakash Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeyaprakash Street, Chennai 82?

The Sub Registrar Office that covers Jeyaprakash Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the registration office will assess the property based on the guideline value to ensure compliance with legal requirements. This ensures that the transaction is transparent and adheres to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Jeyaprakash Street, Chennai 82?

The current guideline value of Jeyaprakash Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 267% over the years.

Which Sub Registrar Office covers Jeyaprakash Street?

The AnnaNagar Sub Registrar Office covers Jeyaprakash Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty for properties in Jeyaprakash Street?

The stamp duty for properties in Jeyaprakash Street is calculated at 7% of the guideline value or sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used as a benchmark for determining the minimum registration value of a property, influencing the stamp duty and registration fees during transactions.