Guideline Value for JAYAMARUTHI PURAM

Jayamaruthi Puram guideline value

The current guideline value of Jayamaruthi Puram is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Karumbur village, under the Chengleput Joint II SRO, and is classified as Mixed Special Type - I.

How the guideline value of Jayamaruthi Puram has changed

The guideline value for Jayamaruthi Puram has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. However, there was a significant increase in the 2023 revision, bringing the value back up to Rs 500 per sq.ft, and then to Rs 501 per sq.ft in the 2024 revision, reflecting no percentage change from the previous year.

From 2017 to 2023, the value increased by 49%, while the overall change from 2012 to 2024 shows no net change. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karumbur

In Karumbur village, there are 10 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 600 per sq.ft. The median value is Rs 501 per sq.ft, which is equal to the 2024 figure for Jayamaruthi Puram. Below are the guideline values for other streets in Karumbur:

• Goldan Royal: Rs 501 per sq.ft (2024)
• Balakirshnan Nagar: Rs 350 per sq.ft (2024)
• Balaji Nagar Phase-II: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Alavattayamman Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Jayamaruthi Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, resulting in a total of Rs 45,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayamaruthi Puram?

The Sub Registrar Office that covers Jayamaruthi Puram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Karumbur. It serves as a base for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

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

Frequently asked questions

What is the current guideline value of Jayamaruthi Puram?

The current guideline value of Jayamaruthi Puram is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increasing to Rs 500 per sq.ft in 2023, and finally reaching Rs 501 per sq.ft in 2024.

What are the other streets in Karumbur with their guideline values?

Other streets in Karumbur include Goldan Royal, Balakirshnan Nagar, Balaji Nagar Phase-II, Balaji Nagar, Alavattayamman Nagar, and Sri Lakshmi Nagar, with values ranging from Rs 350 to Rs 501 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Jayamaruthi Puram?

The Sub Registrar Office for Jayamaruthi Puram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Jayamaruthi Puram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 501 per sq.ft, the stamp duty would be Rs 35,070.