Guideline Value for JAYARAM NAGAR

Jayaram Nagar guideline value

The current guideline value of Jayaram Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Minjur village under the Ponneri SRO, classified as Residential Class III Type - I.

How the guideline value of Jayaram Nagar has changed

The guideline value for Jayaram Nagar has undergone several revisions over the years. The earliest recorded value is from 2017, which was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, and the most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, the value rose by 49%. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, making the guideline value of Jayaram Nagar below this median.

• Jeevanandam Street: Rs 550 per sq.ft (2024)
• Jawahar Nagar: Rs 1,320 per sq.ft (2024)
• Janakirathina Nagar Bazzar: Rs 1,320 per sq.ft (2024)
• Janakirathina Nagar: Rs 1,320 per sq.ft (2024)
• Jahajeevan Ram Street: Rs 550 per sq.ft (2024)
• Jahajeevan Ram Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jayaram Nagar?

The Sub Registrar Office that covers Jayaram Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It serves as a reference point for determining the stamp duty and registration fees that are applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Jayaram Nagar?

The current guideline value of Jayaram Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Jayaram Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 39,600, based on the current guideline value of Rs 4,40,000.

Which office handles property registrations in Jayaram Nagar?

The Ponneri Sub Registrar Office handles property registrations in Jayaram Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the median guideline value of streets in Minjur?

The median guideline value for streets in Minjur is Rs 550 per sq.ft, with Jayaram Nagar's value being below this median at Rs 440 per sq.ft.