Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar, located in Kizhottivakkam village under the Walajabad SRO, is Rs 750 per sq.ft, effective from 1 July 2024. This area 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. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged through the 2017 revision, where it was Rs 502 per sq.ft, marking a decrease of 33%. The value then increased by 49% to Rs 750 per sq.ft in the 2023 revision, and it remains the same in the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has seen no change, remaining at Rs 750 per sq.ft.

Guideline values in Kizhottivakkam

Kizhottivakkam village has 12 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 750 per sq.ft. The median value among these streets is Rs 510 per sq.ft, placing Jayam Nagar's 2024 figure above that median.

• Balu Garden -II: Rs 750 per sq.ft (2024)
• Anna nagar: Rs 200 per sq.ft (2024)
• Anchor S Aishwaryam Avenue: Rs 350 per sq.ft (2024)
• Ram Balaji Nagar: Rs 520 per sq.ft (2024)
• Sai Nagar: Rs 350 per sq.ft (2024)
• S.D.Garden: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. 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 further calculations.

Which Sub Registrar Office covers Jayam Nagar?

The Sub Registrar Office covering Jayam Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kizhottivakkam. It is used to determine the registration fees and stamp duty payable when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark, ensuring that the transaction is recorded accurately and that the appropriate taxes are collected based on the property's value.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

The current guideline value of Jayam Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, with a decrease to Rs 502 per sq.ft in 2017, followed by an increase back to Rs 750 per sq.ft in 2023 and 2024.

What are the other streets in Kizhottivakkam?

Other streets in Kizhottivakkam include Balu Garden -II, Anna nagar, Anchor S Aishwaryam Avenue, Ram Balaji Nagar, Sai Nagar, and S.D.Garden, with varying guideline values.

How is stamp duty calculated for properties in Jayam Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 52,500 based on the current guideline value.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by following the link provided.