Guideline Value for JAYAPAUL NAGAR

Jayapaul Nagar guideline value

The current guideline value of Jayapaul Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jayapaul Nagar has changed

The guideline value for Jayapaul Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. In the following revisions, the guideline value remained unchanged at Rs 1,000 per sq.ft for both 2023 and 2024. Notably, there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. However, there was no change from 2023 to 2024, maintaining the value at Rs 1,000 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Adhanoor

In Adhanoor village, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the guideline value of Jayapaul Nagar.

• Jayarajan Nagar: Rs 1,000 per sq.ft (2024)
• Jayaram Nagar: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Part-1,2: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Annex-1: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jayapaul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees together to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transactions.

Which Sub Registrar Office covers Jayapaul Nagar?

The Sub Registrar Office that covers Jayapaul Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering a property in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the official value assigned to the property. This value is used to calculate the stamp duty and registration fees, which are essential for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Jayapaul Nagar?

The current guideline value of Jayapaul Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 670 per sq.ft in 2017.

What is the land classification for Jayapaul Nagar?

Jayapaul Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The Gooduvancheri Sub Registrar Office covers Jayapaul Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Jayapaul Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.