Guideline Value for JAYA NAGAR ANNEXE

Jaya Nagar Annexe guideline value

The current guideline value of Jaya Nagar Annexe is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Korattur village and falls under the Villivakkam SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Jaya Nagar Annexe has changed

In the 2012 revision, the guideline value was Rs 2,700 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,700 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,900 per sq.ft, marking a 7% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

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

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value across these streets is Rs 2,500 per sq.ft, making the guideline value of Jaya Nagar Annexe above this median.

• Jaya Nagar Extension: Rs 2,900 per sq.ft (2024)
• Jaya Nagar: Rs 2,900 per sq.ft (2024)
• Jaya Nagar (Kallikuppam): Rs 1,300 per sq.ft (2024)
• JAYA NAGAR (Madanakuppam): Rs 1,600 per sq.ft (2024)
• Jayanthi Nagar: Rs 1,300 per sq.ft (2024)
• Jasmin Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, resulting in a total cost of Rs 2,61,000. 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 Annexe?

The Jaya Nagar Annexe falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Korattur. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must consider this value to ensure that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Jaya Nagar Annexe?

The current guideline value of Jaya Nagar Annexe is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value increased from Rs 2,700 to Rs 2,900 per sq.ft, reflecting a 7% increase. There were no changes recorded for the years 2003, 2007, and 2017 for this street.

What are the other streets in Korattur with their guideline values?

Other streets in Korattur include Jaya Nagar Extension and Jaya Nagar, both at Rs 2,900 per sq.ft in 2024. Other streets like Jaya Nagar (Kallikuppam), JAYA NAGAR (Madanakuppam), Jayanthi Nagar, and Jasmin Nagar have lower guideline values ranging from Rs 1,300 to Rs 1,600 per sq.ft.

What is the stamp duty for a property in Jaya Nagar Annexe?

The stamp duty for a property in Jaya Nagar Annexe is calculated at 7% of the guideline value. For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000.

Where is the Sub Registrar Office for Jaya Nagar Annexe located?

The Villivakkam Sub Registrar Office, which covers Jaya Nagar Annexe, is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office is essential for property registration in the area.