Guideline Value

Corporate

Guideline Value for JAYA NAGAR

₹1600/sq.ft.

The guideline value for Jaya Nagar in Perumbakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Perumbakkam

Village

Selaiyur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Jaya Nagar

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Jaya Nagar guideline value

The current guideline value of Jaya Nagar, located in Perumbakkam village under the Selaiyur SRO, is Rs 1,600 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

Over the years, the guideline value of Jaya Nagar has seen several revisions. The earliest recorded revision in 2012 set the guideline value at Rs 1,500 per sq.ft. In 2017, this value decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The following revision in 2023 increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,600 per sq.ft, representing a 7% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is an increase of 7%. The jump from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023 reflects a significant increase of 49%. The most recent change from 2023 to 2024 shows a modest rise of 7%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value of Jaya Nagar is below this median.

Stamp duty and registration fee for property in Jaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaya Nagar?

The Sub Registrar Office covering Jaya Nagar 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 is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Perumbakkam, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value in their area to ensure compliance with local regulations and to avoid any legal issues during the registration process. Understanding the guideline value helps in planning the financial aspects of property transactions effectively.

Frequently asked questions

What is the current guideline value of Jaya Nagar?

The current guideline value of Jaya Nagar 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 1,600 per sq.ft in 2024, with a notable increase of 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

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

Other streets in Perumbakkam include Jaya Nagar 1st - 26th Street, Jaya Nagar 1st- 3rd Main Road, and Jaya Nagar Main Road, all at Rs 1,600 per sq.ft. Other streets like Jeeva Street, Jey Yes Road, and IVY Garden have higher values.

What are the stamp duty and registration fees for property in Jaya Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,44,000.

Where is the Sub Registrar Office for Jaya Nagar located?

The Sub Registrar Office for Jaya Nagar is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles all registrations for the area.