Guideline Value for JAY NAGAR EXT

Jay Nagar Ext guideline value

The current guideline value of Jay Nagar Ext in Kalpakkam village is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Jay Nagar Ext has changed

The guideline value for Jay Nagar Ext has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The 2017 revision recorded a lower value of Rs 67 per sq.ft, indicating a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft.

With the 2024 revision, the guideline value remains at Rs 100 per sq.ft, showing no change from the previous year. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street in the register.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median value for these streets is also Rs 100 per sq.ft, indicating that Jay Nagar Ext's 2024 figure aligns with this median.

• Iswariam Nagar: Rs 100 per sq.ft (2024)
• Kalpakkam Garden: Rs 100 per sq.ft (2024)
• Imayam Nagar: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Leelavathy Nagar: Rs 100 per sq.ft (2024)
• M K M Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jay Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jay Nagar Ext?

The Sub Registrar Office that covers Jay Nagar Ext is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kalpakkam. It is the benchmark used by the registration department to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the buyer must pay the stamp duty 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 Jay Nagar Ext?

The current guideline value of Jay Nagar Ext is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft in 2012, 2023, and 2024, while it was Rs 67 per sq.ft in 2017. The value saw a 49% increase from 2017 to 2023.

What is the registration office for Jay Nagar Ext?

The registration office for Jay Nagar Ext is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Jay Nagar Ext?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty at 7% would be Rs 7,000.

Are there other streets with the same guideline value in Kalpakkam?

Yes, there are other streets in Kalpakkam that also have a guideline value of Rs 100 per sq.ft, including Iswariam Nagar, Kalpakkam Garden, and others.