Guideline Value for JAYA NAGAR 1ST - 26TH STREET

Jaya Nagar 1st - 26th Street guideline value

The current guideline value of Jaya Nagar 1st - 26th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Jaya Nagar 1st - 26th Street has changed

Over the years, the guideline value for Jaya Nagar 1st - 26th Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The subsequent 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to the 2012 level. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 7%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 850 to Rs 4,800 per sq.ft. The median value across these streets is Rs 2,725 per sq.ft, placing Jaya Nagar 1st - 26th Street's 2024 figure below the median.

• Jaya Nagar: Rs 1,600 per sq.ft (2024)
• Jaya Nagar 1st- 3rd Main Road: Rs 1,600 per sq.ft (2024)
• Jaya Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Jeeva Street: Rs 3,300 per sq.ft (2024)
• Jey Yes Road: Rs 2,725 per sq.ft (2024)
• IVY Garden: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Nagar 1st - 26th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaya Nagar 1st - 26th Street?

The Sub Registrar Office that covers Jaya Nagar 1st - 26th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, under the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Jaya Nagar 1st - 26th Street?

The current guideline value of Jaya Nagar 1st - 26th Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Jaya Nagar 1st - 26th Street?

Jaya Nagar 1st - 26th Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Jaya Nagar 1st - 26th Street?

The Selaiyur Sub Registrar Office covers Jaya Nagar 1st - 26th Street, located at No.36, Bharathmatha Salai, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for property in Jaya Nagar 1st - 26th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 16,00,000, the stamp duty would be Rs 1,12,000.