Guideline Value for Jublee Road

Jublee Road guideline value

The current guideline value of Jublee Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Jublee Road has changed

The guideline value for Jublee Road has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,460 per sq.ft. This value saw a significant increase of 311% by 2012, when it reached Rs 6,000 per sq.ft. However, it then decreased by 33% to Rs 4,020 per sq.ft in 2017. Following this, the value rose sharply by 49% to Rs 6,000 per sq.ft in 2023, and then again increased by 10% to the current value of Rs 6,600 per sq.ft in 2024.

It is important to note that the register does not have figures for Jublee Road for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 352%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for this area is Rs 4,900 per sq.ft, placing Jublee Road's 2024 figure above this median.

• Kabilan Street (M.G.R. Nagar): Rs 3,300 per sq.ft (2024)
• Kabilar Street Ch-83 (Thiru Nagar): Rs 4,900 per sq.ft (2024)
• Jothi Ramalingam Street Block 83: Rs 4,100 per sq.ft (2024)
• Jothi Ramalingam Street: Rs 4,100 per sq.ft (2024)
• Jothi Ramalingam Lane Block 83: Rs 4,100 per sq.ft (2024)
• Jothi Ramalingam 2nd Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jublee Road

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, these fees total Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jublee Road?

The Sub Registrar Office that covers Jublee Road is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that both parties are aware of the financial obligations involved in the sale.

Frequently asked questions

What is the current guideline value of Jublee Road?

The current guideline value of Jublee Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,460 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 352% over this period.

What is the land classification for Jublee Road?

The land classification for Jublee Road is Residential Class II Type - II.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties on Jublee Road?

Stamp duty for properties on Jublee Road is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at the rate of 7%.