Guideline Value for JAYAMANGALA NAGAR

Jayamangala Nagar guideline value

The current guideline value of Jayamangala Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jayamangala Nagar has changed

The guideline value for Jayamangala Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 990 per sq.ft, an increase from Rs 900 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 603 per sq.ft, which indicates a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The last known values before the 2017 revision were not recorded in the register.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft as of 2024. The median guideline value for the village is Rs 830 per sq.ft, placing Jayamangala Nagar's 2024 figure above this median.

• Jayapaul Street: Rs 830 per sq.ft (2024)
• Jagajeevan Ram Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 1st Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 2nd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 3rd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 4th Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jayamangala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, leading to a total of Rs 89,100. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayamangala Nagar?

The Sub Registrar Office covering Jayamangala Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers must be aware that the stamp duty is charged based on the higher amount between the guideline value and the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jayamangala Nagar?

The current guideline value of Jayamangala Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, representing a total increase of +64% over these years.

What is the land classification of Jayamangala Nagar?

Jayamangala Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Jayamangala Nagar?

The Sub Registrar Office for Jayamangala Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Jayamangala Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at a rate of 7%.