Guideline Value for JAYARAJ GARDEN

Jayaraj Garden guideline value

The current guideline value of Jayaraj Garden is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Eraiyamangalam village, under the Perambakkam Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Jayaraj Garden has changed

According to the guideline value register, there are no figures available for Jayaraj Garden for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 200 per sq.ft, which remained unchanged in the 2024 revision. Thus, the change from 2023 to 2024 is +0%.

The 2024 revision marks the current guideline value at Rs 200 per sq.ft, which is consistent with the 2023 figure. This indicates stability in the guideline value for this street over the last two years.

Guideline values in Eraiyamangalam

In Eraiyamangalam, there are five streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which aligns with the guideline value of Jayaraj Garden.

• Sri Guru Raja Nagar: Rs 200 per sq.ft (2024)
• Vingneswara Nagar: Rs 150 per sq.ft (2024)
• Dheshwa Nagar: Rs 300 per sq.ft (2024)
• Sri Purnaprajna Nagar: Rs 240 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaraj Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee at 2% totals Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaraj Garden?

The Sub Registrar Office that covers Jayaraj Garden is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Eraiyamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value according to the government standards.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayaraj Garden?

The current guideline value of Jayaraj Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for Jayaraj Garden in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating stability in the last two years.

What are the other streets in Eraiyamangalam with guideline values?

In addition to Jayaraj Garden, other streets in Eraiyamangalam include Sri Guru Raja Nagar at Rs 200 per sq.ft, Vingneswara Nagar at Rs 150 per sq.ft, Dheshwa Nagar at Rs 300 per sq.ft, and Sri Purnaprajna Nagar at Rs 240 per sq.ft for the year 2024.

How is stamp duty calculated for properties in Jayaraj Garden?

Stamp duty for properties in Jayaraj Garden is calculated at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value or sale price.

Where is the Sub Registrar Office for Jayaraj Garden located?

The Sub Registrar Office covering Jayaraj Garden is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.