Guideline Value for JAYA NAGAR

Jaya Nagar guideline value

The current guideline value of Jaya Nagar, located in Thiruninravur-B village under the Avadi SRO, is Rs 870 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Jaya Nagar has changed

The guideline value for Jaya Nagar has seen several revisions over the years. In 2017, the value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, reflecting a 9% rise. The most recent revision in 2024 has further increased the guideline value to Rs 870 per sq.ft, marking another 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 18%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Jaya Nagar's 2024 guideline value of Rs 870 per sq.ft is above this median.

• Jayam Avenue: Rs 1,625 per sq.ft (2024)
• Jayaram Nagar Annexue: Rs 770 per sq.ft (2024)
• Jeeva Nagar: Rs 770 per sq.ft (2024)
• Janagi Nagar: Rs 770 per sq.ft (2024)
• J.M. Nagar: Rs 1,400 per sq.ft (2024)
• Jagadeesan Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty at 7% would amount to Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total fees to Rs 78,300. It is essential 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?

The Sub Registrar Office that covers Jaya Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When buyers and sellers engage in a property transaction, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the government. This value is essential for both legal and financial aspects of property transactions.

Frequently asked questions

What is the current guideline value of Jaya Nagar?

The current guideline value of Jaya Nagar is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This represents an overall increase of 18% from 2017 to 2024.

What is the land classification for Jaya Nagar?

Jaya Nagar falls under the Residential Class II Type - II land classification. This classification is important for determining the guidelines and regulations applicable to the property.

What are the other streets in Thiruninravur-B?

Other streets in Thiruninravur-B include Jayam Avenue, Jayaram Nagar Annexue, Jeeva Nagar, Janagi Nagar, J.M. Nagar, and Jagadeesan Nagar, each with their respective guideline values for 2024.

Where can I find the Sub Registrar Office for Jaya Nagar?

The Avadi Sub Registrar Office covers Jaya Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.