Guideline Value

Corporate

Guideline Value for JAYAM VIP CITY PHASE II

₹900/sq.ft.

The guideline value for Jayam Vip City Phase Ii in Ponneri village (Ponneri SRO, Chennai zone) is Rs 900 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 80% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ponneri

Village

Ponneri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹900 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Jayam Vip City Phase II guideline value

The current guideline value of Jayam Vip City Phase II is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jayam Vip City Phase II has changed

The guideline value for Jayam Vip City Phase II has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. However, in 2023, the guideline value was set at Rs 500 per sq.ft, which increased to Rs 900 per sq.ft in the 2024 revision, marking a significant change of +80%.

This increase reflects the updated valuation for the area, aligning with the current market conditions. The 2024 guideline value is now above the median figure of Rs 700 per sq.ft for the 120 streets in Ponneri under the Ponneri SRO.

Guideline values in Ponneri

In Ponneri, the guideline values vary across different streets, with the 2024 figures ranging from Rs 201 to Rs 1,200 per sq.ft. Jayam Vip City Phase II's guideline value is above the median of Rs 700 per sq.ft.

Stamp duty and registration fee for property in Jayam Vip City Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayam Vip City Phase II?

The Sub Registrar Office that covers Jayam Vip City Phase II is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ponneri. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayam Vip City Phase II?

The current guideline value of Jayam Vip City Phase II is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, representing a change of +80%.

What is the land classification for Jayam Vip City Phase II?

Jayam Vip City Phase II is classified as Residential Class I Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 900 per sq.ft has a guideline value of Rs 9,00,000, resulting in total fees of Rs 81,000.