Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar, located in Mathuranthagam village, is Rs 1,110 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Jayam Nagar has changed

The guideline value for Jayam Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and most recently to Rs 1,110 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, the guideline value changed as follows: from 2017 to 2023, there was a notable increase of 49%. The 2023 to 2024 revision reflects an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Mathuranthagam

In Mathuranthagam village, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Jayam Nagar's 2024 figure above that median.

• Indhira Nagar: Rs 1,110 per sq.ft (2024)
• Hospital Road: Rs 1,110 per sq.ft (2024)
• Hospital Nagar: Rs 660 per sq.ft (2024)
• Gst Road Bazaar Street: Rs 1,110 per sq.ft (2024)
• Gokulam Nagar: Rs 555 per sq.ft (2024)
• Gandhinagar Periya Colony: Rs 660 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 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total cost together to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the 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 Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Mathuranthagam. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When buying or selling property in this area, it is essential to be aware of the current guideline value, as it can significantly affect the overall cost of the transaction. Buyers should ensure that they are informed about the latest figures to avoid any unexpected expenses 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 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,110 per sq.ft in 2024.

What is the land classification of Jayam Nagar?

Jayam Nagar is classified as Residential Special Type - I under the Madurandakam SRO.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total cost would be Rs 99,900.

Where is the Sub Registrar Office for Jayam Nagar located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.