Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar, located in Ammanambakkam village under the Chengleput Joint II SRO, is Rs 501 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - II.

How the guideline value of Jayam Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 335 per sq.ft, marking a -33% change. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, which was a 49% increase from the previous revision. The 2024 revision has seen a slight increase to Rs 501 per sq.ft, reflecting a 0% change from the 2023 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Ammanambakkam

In Ammanambakkam, there are 16 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 300 to Rs 900 per sq.ft. The median value is Rs 500 per sq.ft, and Jayam Nagar's 2024 figure is above this median.

• Ilango Nagar: Rs 500 per sq.ft (2024)
• Kamaraj Nagar: Rs 850 per sq.ft (2024)
• Gopalasamy Nagar: Rs 500 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)
• Lake City: Rs 500 per sq.ft (2024)
• Abi Akshya Nagar: Rs 300 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 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total cost to Rs 45,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ammanambakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the registration fees are aligned with the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

The current guideline value of Jayam Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 500 per sq.ft in 2012, decreasing to Rs 335 per sq.ft in 2017, and then increasing back to Rs 500 per sq.ft in 2023, with a slight rise to Rs 501 per sq.ft in 2024.

What is the land classification of Jayam Nagar?

Jayam Nagar is classified as Mixed Type - II, indicating a diverse usage of land in the area.

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

For a property valued at Rs 5,01,000, the stamp duty would be Rs 35,070 and the registration fee would be Rs 10,020, totaling Rs 45,090.

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

The Chengleput Joint II Sub Registrar Office covers Jayam Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.