Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar, located in Vengal Kuppam village under the Arani_Tiruvallur SRO, is Rs 130 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Jayam Nagar has changed

The guideline value for Jayam Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 87 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 130 per sq.ft. The 2024 revision also kept the guideline value at Rs 130 per sq.ft, resulting in a 49% increase from the 2017 figure to both the 2023 and 2024 figures.

Notably, the revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street. Thus, the significant changes in guideline value occurred between 2017 and 2024, reflecting an overall increase of 49% during this period.

Guideline values in Vengal Kuppam

In Vengal Kuppam, there are five streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value of Rs 130 per sq.ft, with the median also being Rs 130 per sq.ft. Jayam Nagar's 2024 figure aligns with this median.

• M.S. Jayam Nagar: Rs 130 per sq.ft (2024)
• Annai Gomathi Nagar: Rs 130 per sq.ft (2024)
• Anjaa Nagar @ Supreme City: Rs 130 per sq.ft (2024)
• Sriram City: Rs 130 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value amounts to Rs 1,30,000. The stamp duty at 7% would be Rs 9,100, and the registration fee at 2% would be Rs 2,600, bringing the total fees to Rs 11,700. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayam Nagar?

The Sub Registrar Office covering Jayam Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vengal Kuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the registration authorities will use the guideline value to calculate the applicable duties and fees. This ensures that all transactions are conducted transparently and in accordance with the established values set by the registration department.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

The current guideline value of Jayam Nagar is Rs 130 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 87 per sq.ft in 2017 to Rs 130 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

Are there any years without a recorded guideline value for Jayam Nagar?

Yes, the revisions for the years 2002, 2003, 2007, and 2012 do not have any recorded figures for Jayam Nagar.

What are the other streets in Vengal Kuppam with the same guideline value?

Other streets in Vengal Kuppam that share the same guideline value of Rs 130 per sq.ft include M.S. Jayam Nagar, Annai Gomathi Nagar, Anjaa Nagar @ Supreme City, and Sriram City.

How is the stamp duty calculated for property in Jayam Nagar?

The stamp duty for property in Jayam Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,30,000, the stamp duty would be Rs 9,100.