Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value for Jayam Nagar, located in Koozhangacheri village, is Rs 350 per sq.ft. This value is effective from the 2024 revision, which is managed by the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - II.

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 350 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value was reduced by 33% from the previous figure of Rs 234 per sq.ft in 2017. The 2023 revision also maintained the value at Rs 350 per sq.ft, and the latest 2024 revision has kept it the same, showing a 0% change from 2023 to 2024.

From 2012 to 2024, the overall change in the guideline value is 0%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, making Jayam Nagar's 2024 figure of Rs 350 per sq.ft above that median.

• Jayam Nagar Extention: Rs 350 per sq.ft (2024)
• Kalathumettu Street: Rs 200 per sq.ft (2024)
• Golden Avenue: Rs 250 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)
• Ezhil Nagar: Rs 200 per sq.ft (2024)
• Lakshmi priya Nagar: Rs 200 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. 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 detailed calculations.

Which Sub Registrar Office covers Jayam Nagar?

The Sub Registrar Office that covers Jayam Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Koozhangacheri, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

The current guideline value of Jayam Nagar is Rs 350 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft in the revisions of 2012, 2023, and 2024, while it was Rs 234 per sq.ft in 2017. There was a 50% increase from 2017 to 2023.

What is the land classification for Jayam Nagar?

The land classification for Jayam Nagar is Residential Special Type - II, which indicates its intended use for residential purposes.

Where is the Sub Registrar Office for Jayam Nagar located?

The Sub Registrar Office covering Jayam Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jayam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 3,50,000 would incur a stamp duty of Rs 24,500 at 7%.