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 street is located in Atanancheri village under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Jayam Nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. It remained unchanged at Rs 700 per sq.ft in the 2023 revision and continues to hold the same value in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 700 per sq.ft. Overall, from 2017 to 2024, the guideline value has also increased by 49%, maintaining the same rate of Rs 700 per sq.ft since 2023.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the 2024 guideline value for Jayam Nagar.

• I.T. Nagar (A) Aishwarya Nagar: Rs 700 per sq.ft (2024)
• Kalaivani Nagar: Rs 800 per sq.ft (2024)
• Guberapattinam: Rs 700 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 800 per sq.ft (2024)
• Kannan Nagar: Rs 700 per sq.ft (2024)
• Kannappa 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 700 per sq.ft, the total guideline value would be 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, totaling Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Atanancheri. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is registered, the guideline value helps in determining the applicable charges. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

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 has the guideline value changed over the years?

The guideline value for Jayam Nagar has remained at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% rise over that period.

What are the other streets with guideline values in Atanancheri?

Other streets in Atanancheri include I.T. Nagar (A) Aishwarya Nagar and Guberapattinam, both at Rs 700 per sq.ft in 2024, while Kalaivani Nagar and Kamatchi Amman Nagar are at Rs 800 per sq.ft.

What fees are associated with buying property in Jayam Nagar?

When buying property in Jayam Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Jayam Nagar located?

The Gooduvancheri Sub Registrar Office covers Jayam Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.