Guideline Value for JAYARAM NAGAR

Jayaram Nagar guideline value

The current guideline value of Jayaram Nagar, located in Keezhavedu village under the Chengleput Joint I SRO, is Rs 635 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Jayaram Nagar has changed

In the 2017 revision, the guideline value for Jayaram Nagar was Rs 425 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded the value at Rs 635 per sq.ft. The most recent revision in 2024 maintained this figure at Rs 635 per sq.ft, indicating a 0% change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only recorded values are from the 2017, 2023, and 2024 revisions, showing a significant increase since 2017.

Guideline values in Keezhavedu

In Keezhavedu, there are 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 415 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, placing Jayaram Nagar's 2024 figure below this median.

• Jayaram Nagar Part-I: Rs 750 per sq.ft (2024)
• Golden heaven Phase II: Rs 800 per sq.ft (2024)
• Golden Heaven: Rs 750 per sq.ft (2024)
• Om Sakthi Nagar: Rs 620 per sq.ft (2024)
• Rajammal Nagar: Rs 635 per sq.ft (2024)
• Sai Thirumala nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 635 per sq.ft, the total guideline value would be Rs 6,35,000. The stamp duty, charged at 7%, would be Rs 44,450, and the registration fee at 2% would be Rs 12,700, bringing the total fees together to Rs 57,150. It is 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 detailed calculations.

Which Sub Registrar Office covers Jayaram Nagar?

The Chengleput Joint I Sub Registrar Office covers Jayaram Nagar. The office is 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 Keezhavedu

The guideline value is an important factor during the registration of property transactions in Keezhavedu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Jayaram Nagar?

The current guideline value of Jayaram Nagar is Rs 635 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 635 per sq.ft from 2023 to 2024. However, it has increased by 49% from Rs 425 per sq.ft in 2017 to Rs 635 per sq.ft in 2024.

What are the other streets in Keezhavedu and their guideline values?

Other streets in Keezhavedu include Jayaram Nagar Part-I at Rs 750 per sq.ft, Golden Heaven Phase II at Rs 800 per sq.ft, and Om Sakthi Nagar at Rs 620 per sq.ft, among others.

Where can I find the Chengleput Joint I Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated in Jayaram Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a guideline value of Rs 6,35,000, the stamp duty would be Rs 44,450.