Guideline Value for JAYA NAGAR 1ST- 3RD MAIN ROAD

Jaya Nagar 1st- 3rd Main Road guideline value

The current guideline value for Jaya Nagar 1st- 3rd Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road 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- 3rd Main Road has changed

The guideline value for Jaya Nagar 1st- 3rd Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,600 per sq.ft in 2024, reflecting an increase of 7% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 7%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, indicating that the 2024 figure for Jaya Nagar 1st- 3rd Main Road is below this median.

• Jaya Nagar 1st - 26th Street: Rs 1,600 per sq.ft (2024)
• Jaya Nagar: 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- 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaya Nagar 1st- 3rd Main Road?

The Sub Registrar Office that covers Jaya Nagar 1st- 3rd Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perumbakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. This value is established by the Registration Department and is essential for ensuring compliance with local regulations.

When a property is registered, the guideline value is taken into account to calculate the fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Jaya Nagar 1st- 3rd Main Road?

The current guideline value for Jaya Nagar 1st- 3rd Main Road 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 to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Jaya Nagar 1st- 3rd Main Road?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Where is the Sub Registrar Office for Jaya Nagar 1st- 3rd Main Road located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the range of guideline values in Perumbakkam?

The guideline values in Perumbakkam range from Rs 850 to Rs 4,800 per sq.ft, with the median being Rs 2,725 per sq.ft.