Guideline Value for JAYAM NAGAR

Jayam Nagar guideline value

The current guideline value of Jayam Nagar is Rs 560 per sq.ft, effective from 1 July 2024. This area is located in Panruti B village under the Walajabad Sub Registrar Office. The land classification for this region is Residential Special Type - I.

How the guideline value of Jayam Nagar has changed

In the 2023 revision, the guideline value for Jayam Nagar was set at Rs 560 per sq.ft, which remains unchanged in the 2024 revision. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has seen no increase or decrease between the 2023 and 2024 revisions, maintaining a consistent rate of Rs 560 per sq.ft throughout this period.

Guideline values in Panruti B

There are no specific village figures available for Panruti B. Currently, Jayam Nagar is the only street listed under the Walajabad SRO.

Stamp duty and registration fee for property in Jayam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value amounts to Rs 5,60,000. The stamp duty at 7% would be Rs 39,200, and the registration fee at 2% would be Rs 11,200, leading to a total cost of Rs 50,400. 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 Walajabad Sub Registrar Office covers Jayam Nagar, 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 Panruti B

The guideline value is a crucial factor during property registration in Panruti B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid based on the property’s value.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the legal and financial obligations associated with the property transfer. It is essential to be aware of the current guideline 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 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 560 per sq.ft since the 2023 revision and has not changed in the 2024 revision. There are no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Jayam Nagar?

The land classification for Jayam Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Jayam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 5,60,000, the stamp duty would be Rs 39,200 at a rate of 7%.