Guideline Value for JAYAM SEENU GARDEN

Jayam Seenu Garden guideline value

The current guideline value for Jayam Seenu Garden in Pazhayanoor village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Jayam Seenu Garden has changed

The guideline value for Jayam Seenu Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was a significant increase from the Rs 134 per sq.ft recorded in the 2017 revision. Following that, the value remained unchanged at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating a 0% change from 2023 to 2024. However, the overall change from the 2012 revision to the 2024 revision shows no increase, as it remains at Rs 200 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Pazhayanoor

In Pazhayanoor, there are nine streets under the Madurandakam SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 800 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Jayam Seenu Garden's 2024 figure below that median.

• Iyeshwarya Nagar: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar Phase -I: Rs 448 per sq.ft (2024)
• Anand Nagar Phase II: Rs 448 per sq.ft (2024)
• Rmbx Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Seenu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 Seenu Garden?

The Sub Registrar Office that covers Jayam Seenu Garden 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pazhayanoor. It is used to calculate the stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value serves as a benchmark for determining the minimum value on which stamp duty is calculated. This ensures that the transaction is recorded accurately and legally, reflecting the property's value as assessed by the authorities.

Frequently asked questions

What is the current guideline value for Jayam Seenu Garden?

The current guideline value for Jayam Seenu Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Jayam Seenu Garden?

Jayam Seenu Garden is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Jayam Seenu Garden?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.