Guideline Value

Corporate

Guideline Value for Jilani Sayabu Street

₹2750/sq.ft.

The guideline value for Jilani Sayabu Street in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹447 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹357 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jilani Sayabu Street

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Jilani Sayabu Street guideline value

The current guideline value of Jilani Sayabu Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Jilani Sayabu Street has changed

The guideline value for Jilani Sayabu Street has undergone several revisions over the years. In 2002, the guideline value was Rs 357 per sq.ft. This increased to Rs 447 per sq.ft in 2003, marking a rise of 25%. The value then saw a significant increase to Rs 750 per sq.ft in 2007, which was a 68% change. In 2012, the value was Rs 2,500 per sq.ft, reflecting a substantial increase of 233%. However, between 2017 and 2023, the value increased from Rs 1,675 per sq.ft to Rs 2,500 per sq.ft, which was a 49% rise. The most recent revision in 2024 has set the value at Rs 2,750 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the years not mentioned in the revisions for this street. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, making the guideline value of Jilani Sayabu Street below this median.

Stamp duty and registration fee for property in Jilani Sayabu Street

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

Which Sub Registrar Office covers Jilani Sayabu Street?

The Sub Registrar Office that covers Jilani Sayabu Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Parangimalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Jilani Sayabu Street?

The current guideline value of Jilani Sayabu 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 357 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Jilani Sayabu Street?

Jilani Sayabu Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Jilani Sayabu Street?

The Sub Registrar Office for Jilani Sayabu Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Jilani Sayabu Street?

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