Guideline Value for JAMAL NAGAR

Jamal Nagar guideline value

The current guideline value of Jamal Nagar, located in Perambur village under the Purasaivakkam SRO, is Rs 5,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Jamal Nagar has changed

The guideline value for Jamal Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 579 per sq.ft. It increased to Rs 635 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump in 2007, reaching Rs 1,100 per sq.ft, which was a 73% increase from the previous year. In 2012, the value rose to Rs 5,000 per sq.ft, reflecting a substantial 355% increase. However, this was followed by a decrease to Rs 3,350 per sq.ft in 2017, a decline of 33% from the 2012 figure. The guideline value then increased again to Rs 5,000 per sq.ft in 2023, which was a 49% rise. Finally, the latest revision in 2024 set the guideline value at Rs 5,400 per sq.ft, an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 833%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median of Rs 2,700 per sq.ft. Jamal Nagar's 2024 guideline value of Rs 5,400 per sq.ft is above this median.

• Jamalia Nagar Main Road & Cross Street: Rs 6,400 per sq.ft (2024)
• Jamalia Nagar: Rs 6,400 per sq.ft (2024)
• Jamalia Link Road: Rs 6,400 per sq.ft (2024)
• Janagiraman Garden: Rs 3,800 per sq.ft (2024)
• Jawahar Street: Rs 2,700 per sq.ft (2024)
• Jafferkhan Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jamal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be Rs 54,00,000. The stamp duty, charged at 7%, would amount to Rs 3,78,000, and the registration fee, charged at 2%, would be Rs 1,08,000. Together, the total cost for stamp duty and registration fee would be Rs 4,86,000. It is important to note that the 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 Jamal Nagar?

The Sub Registrar Office that covers Jamal Nagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jamal Nagar?

The current guideline value of Jamal Nagar is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 579 per sq.ft in 2002 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 833% over this period.

What is the land classification of Jamal Nagar?

Jamal Nagar is classified as Residential Class I Type - I land according to the guidelines.

Where can I find the Sub Registrar Office for Jamal Nagar?

The Sub Registrar Office for Jamal Nagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated in Jamal Nagar?

Stamp duty and registration fees in Jamal Nagar are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 54,00,000, the total stamp duty and registration fees would amount to Rs 4,86,000.