Guideline Value for JAYA NAGAR

Jaya Nagar guideline value

The current guideline value of Jaya Nagar in Athipattu village under the Thiruvottiyur SRO is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Jaya Nagar has changed

The guideline value for Jaya Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2023 revision, reflecting a change of 49%. The most recent 2024 revision has further increased the guideline value to Rs 330 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value across these streets is Rs 330 per sq.ft, which is equal to the guideline value for Jaya Nagar.

• Janaki Nagar: Rs 330 per sq.ft (2024)
• Janakiammal Nagar: Rs 330 per sq.ft (2024)
• Jai Nagar: Rs 330 per sq.ft (2024)
• Jai Maruthi Nagar /Avenu: Rs 330 per sq.ft (2024)
• Jothi Nagar: Rs 330 per sq.ft (2024)
• Jaganjeevanram Nagar: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total charges to Rs 29,700. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaya Nagar?

The Jaya Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Athipattu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jaya Nagar?

The current guideline value of Jaya Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification of Jaya Nagar?

Jaya Nagar is classified as Residential Class I Type - I.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a property valued at Rs 3,30,000, the total charges would amount to Rs 29,700.