Guideline Value for Jilani sayabu Street

Jilani sayabu Street guideline value

The current guideline value of Jilani sayabu Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Alandur village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Jilani sayabu Street has changed

The guideline value for Jilani sayabu Street has seen significant changes over the years. In 2002, the value was Rs 338 per sq.ft, which increased to Rs 367 per sq.ft in 2003, reflecting a rise of 9%. The value further increased to Rs 1,000 per sq.ft in 2007, marking a substantial increase of 172%. Following this, in 2012, the value was Rs 4,000 per sq.ft, which was a decrease of 33% from the previous revision. The guideline value then rose to Rs 2,680 per sq.ft in 2017, an increase of 49% from 2012. The most recent revisions show the value was Rs 4,000 per sq.ft in 2023, and it has now risen to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years not mentioned in the register for Jilani sayabu Street. Overall, from 2002 to 2024, the guideline value has increased by 1202%.

Guideline values in Alandur

Alandur village has 40 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median value for these streets is Rs 5,000 per sq.ft, placing Jilani sayabu Street's 2024 figure below that median.

• Kaji Sayabu Street: Rs 4,400 per sq.ft (2024)
• Jal Naiken Street: Rs 4,400 per sq.ft (2024)
• Ibrahim Street: Rs 4,400 per sq.ft (2024)
• Hussain Subedar Street: Rs 4,400 per sq.ft (2024)
• Kambar Street / Reddy Street: Rs 5,500 per sq.ft (2024)
• Gurupax Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jilani sayabu Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jilani sayabu Street?

The Sub Registrar Office that covers Jilani sayabu Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Alandur. It is used to determine the applicable stamp duty and registration fees based on the property's value. Buyers and sellers should be aware that the guideline value is the basis for these calculations, ensuring transparency and consistency in property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the duty reflects the actual value of the property being transferred, safeguarding the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Jilani sayabu Street?

The current guideline value of Jilani sayabu Street 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 increased from Rs 338 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 1202% over the years.

What is the median guideline value for streets in Alandur?

The median guideline value for streets in Alandur is Rs 5,000 per sq.ft, with Jilani sayabu Street's 2024 value being below this median.

What are the stamp duty and registration fees for a property in Jilani sayabu Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Jilani sayabu Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.