Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Jayam Nagar has changed

In the 2023 revision, the guideline value for Jayam Nagar was Rs 300 per sq.ft. The 2024 revision has increased this value to Rs 700 per sq.ft, marking a significant change of +133%. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

To summarize the revisions, the guideline value changed from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024. The previous revisions do not have any figures recorded for Jayam Nagar.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is the same as the current value for Jayam Nagar.

• Jayam Vip City Phase II: Rs 900 per sq.ft (2024)
• Kamala Nagar: Rs 900 per sq.ft (2024)
• Hariharan Bazar Street: Rs 1,200 per sq.ft (2024)
• G.V.N. Nagar: Rs 700 per sq.ft (2024)
• Gtm Garden: Rs 900 per sq.ft (2024)
• Kambar Street: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or 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 that covers Jayam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Ponneri. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the government standards.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure proper compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

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

How much has the guideline value changed recently?

The guideline value for Jayam Nagar increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, representing a change of +133%.

What is the classification of land in Jayam Nagar?

Jayam Nagar is classified as Residential Class II Type - I, which is relevant for determining the guideline value and other regulations.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated in Jayam Nagar?

Stamp duty in Jayam Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 49,000.