Guideline Value

Corporate

Guideline Value for JAY NAGAR

₹150/sq.ft.

The guideline value for Jay Nagar in Thotakadu village (Ponneri SRO, Chennai zone) is Rs 150 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thotakadu

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹150 /sq.ft.
From 1-4-2023 ₹150 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹100 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹150 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Jay Nagar

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Jay Nagar guideline value

The current guideline value of Jay Nagar in Thotakadu village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Ponneri Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Jay Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it was adjusted to Rs 100 per sq.ft, marking a decrease of 33%. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision. The current 2024 revision maintains this value at Rs 150 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions with recorded values are from 2012, 2017, 2023, and 2024.

Guideline values in Thotakadu

In Thotakadu, there are 10 streets under the Ponneri SRO that carry a guideline value of Rs 150 per sq.ft for 2024, with the median also being Rs 150 per sq.ft. Jay Nagar's 2024 figure aligns with this median value.

Stamp duty and registration fee for property in Jay Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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?

The Jay Nagar area is covered by 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 Thotakadu

The guideline value is a crucial factor when registering property transactions in Thotakadu. It determines the base amount on which stamp duty and registration fees are calculated, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps establish a transparent pricing framework. It is essential for both buyers and sellers to be aware of these values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Jay Nagar?

The current guideline value of Jay Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in Jay Nagar?

For a property valued at Rs 1,50,000, the stamp duty is Rs 10,500 and the registration fee is Rs 3,000, totaling Rs 13,500.

Which office handles registrations for Jay Nagar?

The Ponneri Sub Registrar Office handles registrations for Jay Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring compliance with local regulations.