Guideline Value

Corporate

Guideline Value for JAYAM NAGAR

₹800/sq.ft.

The guideline value for Jayam Nagar in Panchetty village (Redhills SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Panchetty

Village

Redhills

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jayam Nagar

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Jayam Nagar guideline value

The current guideline value of Jayam Nagar, located in Panchetty village under the Redhills SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Jayam Nagar has changed

Over the years, the guideline value of Jayam Nagar has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision recorded a lower value of Rs 536 per sq.ft, indicating a decrease of 33% from the 2012 figure. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49% to reach Rs 800 per sq.ft again.

From 2012 to 2024, the overall guideline value remained at Rs 800 per sq.ft, showing no net change. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panchetty

Panchetty village has a total of 46 streets under the Redhills SRO, with guideline values ranging from Rs 300 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Jayam Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Jayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayam Nagar?

The Sub Registrar Office covering Jayam Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panchetty. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property transaction occurs, the guideline value helps determine the official value of the property for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

The current guideline value of Jayam Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen multiple revisions, with the most recent being Rs 800 per sq.ft in 2023 and 2024. The value was Rs 536 per sq.ft in 2017, showing a significant increase of 49% to reach the current value.

What is the land classification of Jayam Nagar?

The land classification for Jayam Nagar is Commercial Special Type - I, indicating its use for commercial purposes.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,00,000, the total stamp duty and registration fees would amount to Rs 72,000.

Which office handles the registration for properties in Jayam Nagar?

The Redhills Sub Registrar Office is responsible for handling registrations for properties in Jayam Nagar. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.