Guideline Value for Jones Road (East) Northern Side Of Anna Salai Northern Side D.no 8 To Southern Side D.no 1

Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1 guideline value

The current guideline value for Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1 is Rs 9,900 per sq.ft, effective from 1 July 2024. This property is located in Mambalam village and falls under the Thiyagaraya nagar SRO, classified as Residential Special Type - I.

How the guideline value of Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1 has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, marking a 260% rise. However, in 2017, the value dropped to Rs 6,030 per sq.ft, a decrease of 33%. The value then rose again to Rs 9,000 per sq.ft in 2023, followed by a further increase to Rs 9,900 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 296%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, making the guideline value for Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1 above the median.

• Jones Road East To West: Rs 9,900 per sq.ft (2024)
• Jothi Ramalingam 1 Street: Rs 4,400 per sq.ft (2024)
• Jothi Ramalingam 2 Street: Rs 4,400 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 6,600 per sq.ft (2024)
• Jubilee Road: Rs 9,900 per sq.ft (2024)
• Jeer Naidu Lane: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that the 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 Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1?

The Sub Registrar Office that covers this property is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a key factor when registering property transactions in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, which is used by the registration authorities to calculate the applicable fees and duties.

Frequently asked questions

What is the current guideline value for Jones Road (East)?

The current guideline value for Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1 is Rs 9,900 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 2007 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 296% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 99,00,000, the total fees would amount to Rs 8,91,000.

Which office handles registrations for Jones Road (East)?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the median guideline value for streets in Mambalam?

The median guideline value for the 163 streets in Mambalam under the Thiyagaraya nagar SRO is Rs 6,600 per sq.ft, with Jones Road (East) being above this median at Rs 9,900 per sq.ft.