Guideline Value for JAYA NAGAR

Jaya Nagar guideline value

The current guideline value of Jaya Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Jaya Nagar has changed

In the 2007 revision, the guideline value was Rs 210 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 700 per sq.ft. The 2024 revision has maintained this value, showing no percentage change from the previous year. The register has no figures for the years 2017, 2012, 2003, and 2002 for this street.

From 2007 to 2023, there has been a significant increase of 233%. Overall, from 2007 to 2024, the guideline value has also increased by 233%, maintaining the same rate of Rs 700 per sq.ft since 2023.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Jaya Nagar's 2024 guideline value aligns with this median.

• Jawarharlal Nehru Nagar Extention: Rs 700 per sq.ft (2024)
• J.J.Nagar: Rs 1,001 per sq.ft (2024)
• Indra Gandhi Nagar: Rs 700 per sq.ft (2024)
• Jubilee Residences: Rs 2,389 per sq.ft (2024)
• Inba Avenue: Rs 2,389 per sq.ft (2024)
• Iayyappa Gardan: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Jaya Nagar?

The Sub Registrar Office that covers Jaya Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kayirambedu

The guideline value is a crucial factor during property registration in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is sold or purchased, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property as recognized by the registration authorities. This is essential for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Jaya Nagar?

The current guideline value of Jaya Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Jaya Nagar has remained at Rs 700 per sq.ft since the 2023 revision, with a significant increase of 233% from Rs 210 per sq.ft in the 2007 revision.

What is the land classification for Jaya Nagar?

The land classification for Jaya Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Jaya Nagar?

Stamp duty for properties in Jaya Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to a stamp duty of Rs 49,000.