Guideline Value

Corporate

Guideline Value for Sri Jayanthi Nagar

₹660/sq.ft.

The guideline value for Sri Jayanthi Nagar in Thirumudivakkam village (Padappai SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumudivakkam

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Jayanthi Nagar

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Sri Jayanthi Nagar guideline value

The current guideline value of Sri Jayanthi Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Thirumudivakkam village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Jayanthi Nagar has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and further rose to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase. The overall change from 2012 to 2024 shows a modest increase of 10%.

There are no recorded figures for the years 2002, 2003, and 2007 for Sri Jayanthi Nagar in the register. The 2023 revision saw a substantial increase of 49% from the 2017 figure, indicating notable changes in the guideline value over the years.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Sri Jayanthi Nagar is below this median.

Stamp duty and registration fee for property in Sri Jayanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is calculated at 7%, totaling Rs 46,200, while the registration fee is 2%, amounting to Rs 13,200. Together, these fees total Rs 59,400. It is important to note that 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 Sri Jayanthi Nagar?

The Sub Registrar Office that covers Sri Jayanthi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Thirumudivakkam. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone looking to buy or sell property in the area, as it directly impacts the overall cost of the transaction. It is advisable to consult the latest guideline values to ensure accurate calculations during property registration.

Frequently asked questions

What is the current guideline value of Sri Jayanthi Nagar?

The current guideline value of Sri Jayanthi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 600 in 2012 to Rs 402 in 2017, then back to Rs 600 in 2023, and finally to Rs 660 in 2024. This indicates a fluctuation in the values over the years.

What is the land classification of Sri Jayanthi Nagar?

Sri Jayanthi Nagar is classified as Residential Class II Type - I, which signifies its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for Sri Jayanthi Nagar?

The Sub Registrar Office for Sri Jayanthi Nagar is located at Padappai Sub Registrar Office, 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated in Sri Jayanthi Nagar?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price of the property.