Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar, located in Mamandoor village under the Chengleput Joint II SRO, is Rs 800 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

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 in the 2023 revision. However, from 2017, when the value was Rs 536 per sq.ft, there was a significant increase of 49% to reach the 2023 figure. The register has no figure for this street in the revisions of 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has remained constant at Rs 800 per sq.ft. The current figure for 2024 reflects no change from the previous year, maintaining the same rate of Rs 800 per sq.ft.

Guideline values in Mamandoor

The guideline values in Mamandoor reflect a range from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. Jayam Nagar's 2024 guideline value is above this median, indicating a higher valuation compared to many other streets in the village.

• Iyappan Nagar: Rs 500 per sq.ft (2024)
• G.S.T Brithavanam Co-Op Nagar: Rs 800 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Gracy Garden: Rs 500 per sq.ft (2024)
• Express Avenue: Rs 400 per sq.ft (2024)
• K.R. Nagar: Rs 800 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 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, and 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 or the sale price. For more details, 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 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 Mamandoor

The guideline value plays a crucial role in the registration process of property transactions in Mamandoor. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. This ensures that all parties involved are informed about the financial implications of the property transfer.

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 remained at Rs 800 per sq.ft since the 2012 revision, with a notable increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023. There were no figures available for the revisions in 2002, 2003, and 2007.

What are the guideline values in Mamandoor?

In Mamandoor, the guideline values range from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. Jayam Nagar's 2024 guideline value is above this median, indicating a higher valuation compared to many other streets in the village.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Jayam Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Jayam Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.