Guideline Value for SRI JAYANDRA COLONY (OMR) (KOTTIVAKKAM INCLUDED)

Sri Jayandra Colony (Omr) (Kottivakkam Included) guideline value

The current guideline value for Sri Jayandra Colony (Omr) (Kottivakkam Included) is Rs 6,100 per sq.ft, effective from 1 July 2024. This area is located in Perungudi village and falls under the Neelankarai SRO, classified as Residential Special Type - III.

How the guideline value of Sri Jayandra Colony (Omr) (Kottivakkam Included) has changed

Over the years, the guideline value for Sri Jayandra Colony has seen several revisions. The 2012 revision set the value at Rs 5,500 per sq.ft, which was followed by a decrease to Rs 3,685 per sq.ft in 2017. Subsequently, the value increased to Rs 5,500 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 6,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, then by 11% from 2023 to 2024. Overall, the guideline value has increased by 11% from 2012 to 2024, reflecting the fluctuations in property values over the years.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Sri Jayandra Colony's 2024 figure above this median.

• Sounthariya Nagar: Rs 2,800 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 2,800 per sq.ft (2024)
• Shiva Vishnu Street: Rs 2,800 per sq.ft (2024)
• Sekizhar Street: Rs 2,800 per sq.ft (2024)
• Telephone Nagar 10th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 11th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jayandra Colony (Omr) (Kottivakkam Included)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total charges together to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Jayandra Colony (Omr) (Kottivakkam Included)?

The Sub Registrar Office that covers Sri Jayandra Colony (Omr) (Kottivakkam Included) 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 Perungudi

The guideline value is a crucial factor in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value or the sale price is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Jayandra Colony?

The current guideline value of Sri Jayandra Colony (Omr) (Kottivakkam Included) is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then increased to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

What is the land classification of Sri Jayandra Colony?

Sri Jayandra Colony is classified as Residential Special Type - III, which indicates its intended use for residential purposes within the area.

Where can I find the relevant Sub Registrar Office?

The relevant Sub Registrar Office for Sri Jayandra Colony (Omr) (Kottivakkam Included) 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 in Sri Jayandra Colony?

Stamp duty in Sri Jayandra Colony is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 61,00,000, the stamp duty would be calculated at 7% of this amount.