Guideline Value for S.N.JAYARAMAN STREET(GRAMA NADUNCHALAI 39TH CROSS STREET)

S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) guideline value

The current guideline value of S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) has changed

The guideline value for S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The absence of figures for earlier years indicates that the street's valuation has not been recorded in the guideline value register for those specific years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which is equal to the current value of S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street).

• S.M.Govindasami Street: Rs 2,200 per sq.ft (2024)
• Sparkling Garden 1st Street: Rs 4,400 per sq.ft (2024)
• Sparkling Garden 2nd Street: Rs 4,400 per sq.ft (2024)
• Sparkling Sons Avenue: Rs 4,400 per sq.ft (2024)
• Spring Field: Rs 4,400 per sq.ft (2024)
• Spring Garden 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is calculated at 7%, which comes to Rs 1,54,000, and the registration fee is 2%, amounting to Rs 44,000. Together, the total cost for stamp duty and registration fee is Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street)?

The Sub Registrar Office that covers S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the financial obligations associated with the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street)?

The current guideline value of S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the land classification for S.N.Jayaraman Street?

S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) is classified as Residential Class II Type - III.

Where can I find the registration office for this street?

The registration office for S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.