Guideline Value for JAYAMANI NAGAR

Jayamani Nagar guideline value

The current guideline value of Jayamani Nagar, located in Chinnakavanam village, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Jayamani Nagar has changed

Over the years, the guideline value of Jayamani Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 124%, bringing it back to Rs 300 per sq.ft. The 2023 revision also maintained this value, which will continue into the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. Jayamani Nagar's guideline value aligns with this median.

• G.L.S. Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Amman Kovil Street: Rs 300 per sq.ft (2024)
• Burma Nagar: Rs 300 per sq.ft (2024)
• Meenakshi Nagar: Rs 300 per sq.ft (2024)
• Nallur Amman Kovil Street: Rs 300 per sq.ft (2024)
• Anna Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayamani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the 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 Jayamani Nagar?

The Ponneri Sub Registrar Office covers Jayamani Nagar. The office is 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 Chinnakavanam

The guideline value plays a crucial role in the property registration process in Chinnakavanam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property transaction occurs, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial implications of the sale. This helps maintain transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value of Jayamani Nagar?

The current guideline value of Jayamani Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in both 2023 and 2024.

What are the other streets in Chinnakavanam with the same guideline value?

Other streets in Chinnakavanam with a guideline value of Rs 300 per sq.ft include G.L.S. Nagar, Lakshmi Amman Kovil Street, Burma Nagar, Meenakshi Nagar, Nallur Amman Kovil Street, and Anna Nagar.

What is the registration fee for property in Jayamani Nagar?

The registration fee for property in Jayamani Nagar is calculated based on the guideline value. For example, on a property valued at Rs 3,00,000, the registration fee would be Rs 6,000 at 2%.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in Jayamani Nagar.