Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar, located in Sothupakkam village under the Acchirapakkam SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jayam Nagar has changed

According to the registration records, the guideline value for Jayam Nagar has remained consistent at Rs 500 per sq.ft since the 2023 revision, which also listed the same figure. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

This indicates that there has been no change in the guideline value from 2023 to 2024, with a percentage change of +0%. The absence of figures in earlier revisions suggests stability in the guideline value for this street over the years.

Guideline values in Sothupakkam

In Sothupakkam, there are five streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 523 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Jayam Nagar's 2024 figure at this median level.

• Gk Garden: Rs 500 per sq.ft (2024)
• Bathmavathi Nagar: Rs 500 per sq.ft (2024)
• Thiru Sangu Lakshmi Nagar: Rs 523 per sq.ft (2024)
• V.R.Garden: Rs 500 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, calculated at 7%, would be Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayam Nagar?

The Sub Registrar Office that covers Jayam Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sothupakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

The current guideline value of Jayam Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jayam Nagar has remained unchanged at Rs 500 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Sothupakkam?

The median guideline value for streets in Sothupakkam is Rs 500 per sq.ft, with Jayam Nagar's 2024 figure aligning with this median.

What are the stamp duty rates for property transactions in Jayam Nagar?

The stamp duty rate for property transactions in Jayam Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.