Guideline Value for JAYASUDHA NAGAR

Jayasudha Nagar guideline value

The current guideline value of Jayasudha Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Govindarajkuppam village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this area is Oothukkottai SRO.

How the guideline value of Jayasudha Nagar has changed

The guideline value for Jayasudha Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 60 per sq.ft, which decreased to Rs 40 per sq.ft in the 2017 revision. This marked a decline of 33%. However, from 2017 to 2023, the guideline value increased significantly by 150%, bringing it back to Rs 100 per sq.ft in the 2023 revision. The guideline value remained unchanged at Rs 100 per sq.ft in the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 67%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Govindarajkuppam

In addition to Jayasudha Nagar, the guideline value for other streets in Govindarajkuppam is also set at Rs 100 per sq.ft as of 2024. Below are the other streets in Govindarajkuppam:

• Vasantham Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jayasudha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. 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 information.

Which Sub Registrar Office covers Jayasudha Nagar?

The Sub Registrar Office that covers Jayasudha Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, with the postal code 602026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Govindarajkuppam. It serves as a reference point for determining the stamp duty and registration fees applicable to property sales. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to understand that the guideline value can influence the overall cost of purchasing or selling a property. Ensuring compliance with the guideline value helps in smooth registration processes and adherence to legal requirements.

Frequently asked questions

What is the current guideline value of Jayasudha Nagar?

The current guideline value of Jayasudha Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 60 per sq.ft to Rs 100 per sq.ft in 2024. The most significant increase occurred between 2017 and 2023, where it rose by 150%.

What is the stamp duty for property in Jayasudha Nagar?

The stamp duty for property in Jayasudha Nagar is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 7,000.

Where is the Oothukkottai SRO located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, with the postal code 602026. This office handles registrations for properties in Jayasudha Nagar.

How is the registration fee calculated for properties in Jayasudha Nagar?

The registration fee for properties in Jayasudha Nagar is calculated at 2% of the guideline value or sale price, whichever is higher. For instance, on a plot valued at Rs 1,00,000, the registration fee would be Rs 2,000.