Guideline Value for JAYAM PROPERTIES

Jayam Properties guideline value

The current guideline value of Jayam Properties in Kalavakkam village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Thiruporur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Jayam Properties has changed

The guideline value for Jayam Properties has seen several revisions over the years. In 2012, the value was set at Rs 1,700 per sq.ft, which then decreased to Rs 1,139 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 76% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Kalavakkam

Kalavakkam village has a range of guideline values across its 27 streets under the Thiruporur SRO, with figures for 2024 varying from Rs 1,816 to Rs 4,250 per sq.ft. The median value is Rs 2,463 per sq.ft, placing Jayam Properties' current guideline value below this median.

• Happinest Phase V: Rs 2,873 per sq.ft (2024)
• Happinest Phase IV: Rs 2,873 per sq.ft (2024)
• Happinest Phase III: Rs 2,873 per sq.ft (2024)
• Happinest Phase II: Rs 1,925 per sq.ft (2024)
• Happinest: Rs 2,873 per sq.ft (2024)
• Kandhan Kottam: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Properties

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayam Properties?

The Sub Registrar Office that covers Jayam Properties is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kalavakkam. It determines the base value for calculating stamp duty and registration fees, ensuring that the government receives the appropriate taxes based on the property's value.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the overall cost of the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jayam Properties?

The current guideline value of Jayam Properties is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, with notable increases and a decrease in between. The most significant increase was from Rs 1,139 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023.

What is the classification of the land in Jayam Properties?

Jayam Properties is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kalavakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.