Guideline Value for SRI JAYALAKSHMI NAGAR

Sri Jayalakshmi Nagar guideline value

The current guideline value of Sri Jayalakshmi Nagar, located in Naalur village under the Ponneri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sri Jayalakshmi Nagar has changed

Looking at the revisions over the years, the guideline value for Sri Jayalakshmi Nagar has seen several changes. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 400 per sq.ft, where it remained through the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for this street. The current guideline value of Rs 400 per sq.ft in 2024 reflects a 33% increase from the 2012 figure of Rs 300 per sq.ft.

Guideline values in Naalur

In Naalur village, there are 23 streets under the Ponneri SRO that have a guideline value for 2024 ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Jayalakshmi Nagar's 2024 figure aligns with this median.

• Srinivasapuram Phase Iiii: Rs 400 per sq.ft (2024)
• Sri Raman Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 400 per sq.ft (2024)
• Sri Vaidheeswarar Nagar: Rs 400 per sq.ft (2024)
• Sandhya Nagar: Rs 500 per sq.ft (2024)
• Vadivudai Amman Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jayalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It's 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 Sri Jayalakshmi Nagar?

The Sub Registrar Office that covers Sri Jayalakshmi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naalur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the property is registered at a value that reflects the prevailing rates in the area.

When engaging in property transactions, it's essential to be aware of the guideline value as it influences the overall costs involved. Buyers and sellers should ensure that they are informed about the current rates to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Jayalakshmi Nagar?

The current guideline value of Sri Jayalakshmi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Sri Jayalakshmi Nagar?

Sri Jayalakshmi Nagar is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Sri Jayalakshmi Nagar?

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000.

Which office handles the registration for Sri Jayalakshmi Nagar?

The Ponneri Sub Registrar Office handles the registration for Sri Jayalakshmi Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.