Guideline Value for JAYARAMAN NAGAR

Jayaraman Nagar guideline value

The current guideline value of Jayaraman Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This locality is situated in Pethikuppam village and falls under the Gummidipoondi SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Jayaraman Nagar has changed

The guideline value for Jayaraman Nagar has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft, which was an increase from the previous years.

With the 2024 revision, the guideline value increased by 10% to Rs 220 per sq.ft. This marks a notable change from the 2023 figure, reflecting the latest valuation for this street.

Guideline values in Pethikuppam

In Pethikuppam, there are three streets under the Gummidipoondi SRO that carry a 2024 guideline value. The values range from Rs 220 to Rs 880 per sq.ft, with a median value of Rs 710 per sq.ft. Jayaraman Nagar's 2024 figure is below this median.

• Fab City: Rs 880 per sq.ft (2024)
• Senthamil Nagar: Rs 710 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaraman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. It's important to note that 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 Jayaraman Nagar?

The Sub Registrar Office that covers Jayaraman Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pethikuppam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are accurately valued according to the latest revisions.

When you approach the registration office, the guideline value will be referenced to determine the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Jayaraman Nagar?

The current guideline value of Jayaraman Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Jayaraman Nagar?

The land classification for Jayaraman Nagar is Residential Class V Type - III, which indicates the type of residential development allowed in this area.

What are the stamp duty and registration fees for properties in Jayaraman Nagar?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jayaraman Nagar located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. This office handles the registration of properties in Jayaraman Nagar.