Guideline Value for JAYAMMAL NAGAR

Jayammal Nagar guideline value

The current guideline value of Jayammal Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Jayammal Nagar has changed

According to the guideline value register, there are no figures available for Jayammal Nagar for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 700 per sq.ft in 2023 and remains the same in 2024, indicating a change of +0% between these two years.

Thus, the only recorded figures for this street are from the 2023 and 2024 revisions, both set at Rs 700 per sq.ft. The consistency in the guideline value reflects stability in this particular area.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with the median being Rs 700 per sq.ft. Jayammal Nagar's 2024 figure aligns with this median.

• Kallukadai Medu: Rs 700 per sq.ft (2024)
• Kamakotty Nagar: Rs 700 per sq.ft (2024)
• Hariharan Bazar Street: Rs 1,200 per sq.ft (2024)
• Hariharan Bazar: Rs 1,200 per sq.ft (2024)
• Kamarajar Street: Rs 700 per sq.ft (2024)
• Gtm Garden: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Jayammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Jayammal Nagar?

The Sub Registrar Office covering Jayammal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role during the registration of property transactions in Ponneri_2. It serves as a benchmark for determining the amount of stamp duty and registration fees that must be paid, ensuring that all transactions are recorded at a standardized value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in the transaction process.

Frequently asked questions

What is the current guideline value for Jayammal Nagar?

The current guideline value for Jayammal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jayammal Nagar has remained at Rs 700 per sq.ft since the 2023 revision and continues to be the same in the 2024 revision, showing no change.

What is the land classification for Jayammal Nagar?

Jayammal Nagar is classified as Residential Class II Type - I, indicating its use for residential purposes.

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. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Jayammal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at the rate of 7%.