Guideline Value for SRI JAYARAM NAGAR ANNEXUE, GNANAMBAL COLONY

Sri Jayaram Nagar Annexue, Gnanambal Colony guideline value

The current guideline value for Sri Jayaram Nagar Annexue, Gnanambal Colony is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification is Residential Class II Type - III.

How the guideline value of Sri Jayaram Nagar Annexue, Gnanambal Colony has changed

The guideline value for Sri Jayaram Nagar Annexue has seen significant changes over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value by 10%, bringing it to Rs 770 per sq.ft.

Notably, the register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64% from Rs 469 per sq.ft to Rs 770 per sq.ft.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which aligns with the current guideline value for Sri Jayaram Nagar Annexue.

• Sri Lakshmi Nagar: Rs 770 per sq.ft (2024)
• Sri Nagar Kuselar St: Rs 440 per sq.ft (2024)
• Sri Nagar Narasimman St: Rs 440 per sq.ft (2024)
• Sri Nagar & Streets & Extn: Rs 440 per sq.ft (2024)
• Sri Nagar Thirumangai Mannar St: Rs 440 per sq.ft (2024)
• Sri Nagar Thiruvika Raman St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jayaram Nagar Annexue, Gnanambal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, these fees total Rs 69,300. It is 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 Jayaram Nagar Annexue, Gnanambal Colony?

The Sub Registrar Office that covers Sri Jayaram Nagar Annexue, Gnanambal Colony is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sri Jayaram Nagar Annexue?

The current guideline value of Sri Jayaram Nagar Annexue is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024.

What is the land classification for Sri Jayaram Nagar Annexue?

Sri Jayaram Nagar Annexue is classified as Residential Class II Type - III.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sri Jayaram Nagar Annexue is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Avadi Sub Registrar Office?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.