Guideline Value for jeyeprakash Street

jeyeprakash Street guideline value

The current guideline value of jeyeprakash Street in Thiruvallur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of jeyeprakash Street has changed

The guideline value for jeyeprakash Street has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 500% increase. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 1,320 per sq.ft, an increase of 10% from the previous year.

There are no figures available for jeyeprakash Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning jeyeprakash Street above this median.

• J.N. Road*: Rs 3,850 per sq.ft (2024)
• J.N.Road judges Colony: Rs 2,750 per sq.ft (2024)
• Jothiramalingam Street: Rs 1,100 per sq.ft (2024)
• Jayanagar: Rs 2,750 per sq.ft (2024)
• Kaikalamegam Street: Rs 1,100 per sq.ft (2024)
• Kakkalore Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in jeyeprakash Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers jeyeprakash Street?

The Sub Registrar Office that covers jeyeprakash Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thiruvallur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the value of the property and ensures compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of jeyeprakash Street?

The current guideline value of jeyeprakash Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 560%.

What is the stamp duty for property in jeyeprakash Street?

The stamp duty for property in jeyeprakash Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for jeyeprakash Street?

The registration for jeyeprakash Street is handled by the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value for streets in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, with jeyeprakash Street's 2024 figure being above this median.