Guideline Value for JAYAM MALAR NAGAR PHASE-I

Jayam Malar Nagar Phase-I guideline value

The current guideline value of Jayam Malar Nagar Phase-I is Rs 350 per sq.ft. This property is located in Nattarasampattu village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Jayam Malar Nagar Phase-I has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, reflecting a -33% change. Following this, the 2023 revision saw the value rise back to Rs 350 per sq.ft, marking a 50% increase from the 2017 revision.

The 2024 revision has maintained the guideline value at Rs 350 per sq.ft, indicating a 0% change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Nattarasampattu

Nattarasampattu village features 24 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 250 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Jayam Malar Nagar Phase-I at this median value.

• Jupiter Homes: Rs 500 per sq.ft (2024)
• Jupiter Nagar: Rs 500 per sq.ft (2024)
• Golden Rain Avenue Phase-IX: Rs 500 per sq.ft (2024)
• Golden Rain Avenue Phase (I-VIII): Rs 500 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Malar Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. Please 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 Jayam Malar Nagar Phase-I?

The Sub Registrar Office that covers Jayam Malar Nagar Phase-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nattarasampattu. It serves as a benchmark for determining the minimum price at which a property can be sold, ensuring transparency in property transactions.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayam Malar Nagar Phase-I?

The current guideline value of Jayam Malar Nagar Phase-I is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 350 per sq.ft in 2023 and 2024. It was Rs 234 per sq.ft in 2017 and Rs 350 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which office handles registrations for Jayam Malar Nagar Phase-I?

The Gooduvancheri Sub Registrar Office handles registrations for Jayam Malar Nagar Phase-I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the land classification for Jayam Malar Nagar Phase-I?

Jayam Malar Nagar Phase-I is classified as Residential Special Type - I under the guideline value regulations.