Guideline Value for JAYAM NAGAR EXTENTION

Jayam Nagar Extention guideline value

The current guideline value for Jayam Nagar Extention in Koozhangacheri village is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Special Type - II.

How the guideline value of Jayam Nagar Extention has changed

The guideline value for Jayam Nagar Extention has seen several revisions over the years. In the 2017 revision, the value was set at Rs 250 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, which both recorded a guideline value of Rs 350 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, there was a significant increase of 40%. However, from 2023 to 2024, the guideline value remained stable with a change of +0%. Overall, the guideline value increased by 40% from 2017 to 2024.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, making the 2024 figure for Jayam Nagar Extention above that median.

• Jayam Nagar: Rs 350 per sq.ft (2024)
• Kalathumettu Street: Rs 200 per sq.ft (2024)
• Golden Avenue: Rs 250 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)
• Ezhil Nagar: Rs 200 per sq.ft (2024)
• Lakshmi priya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayam Nagar Extention?

The Sub Registrar Office that covers Jayam Nagar Extention is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find more details by visiting find your SRO.

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

The guideline value plays a crucial role in property transactions in Koozhangacheri. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value to comply with legal requirements.

When a property is sold, the guideline value is referenced to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registers. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Jayam Nagar Extention?

The current guideline value for Jayam Nagar Extention is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2017 to Rs 350 per sq.ft in 2024, reflecting a total increase of 40% over this period. The value remained unchanged between the 2023 and 2024 revisions.

What is the land classification for Jayam Nagar Extention?

Jayam Nagar Extention is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Jayam Nagar Extention?

The Sub Registrar Office for Jayam Nagar Extention is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Koozhangacheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 3,50,000 would incur a stamp duty of Rs 24,500 at 7%.