Guideline Value for Old Jail Road

Old Jail Road guideline value

The current guideline value of Old Jail Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Old Jail Road has changed

The guideline value for Old Jail Road has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The most recent revision in 2024 has set the value at Rs 1,600 per sq.ft, marking a 59% increase from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 129%.

There are no figures available for the years 2002, 2003, and 2023 in the register for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which matches the guideline value of Old Jail Road.

• Old Glass Factory Road: Rs 2,200 per sq.ft (2024)
• Old Amarvathi Puram: Rs 1,300 per sq.ft (2024)
• Old Amaranjipuram Street: Rs 1,300 per sq.ft (2024)
• Old Amaranjipuram(Back): Rs 1,300 per sq.ft (2024)
• Old Pumping Station Road: Rs 2,200 per sq.ft (2024)
• North Terminus Road: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Old Jail Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Old Jail Road?

The Sub Registrar Office that covers Old Jail Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Tondaiarpet. It is used to calculate the stamp duty and registration fees that are required during the transaction.

Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on the higher of the two amounts. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Old Jail Road?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 129% over the years.

Are there any years with no guideline value for Old Jail Road?

Yes, the register has no figures for the years 2002, 2003, and 2023 for Old Jail Road.

What are the stamp duty and registration fees for property in Old Jail Road?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Old Jail Road?

The Royapuram Sub Registrar Office handles property registrations for Old Jail Road, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.