Guideline Value for JEINFER NAGAR

Jeinfer Nagar guideline value

The current guideline value of Jeinfer Nagar, located in Sadayankuppam village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jeinfer Nagar has changed

Over the years, the guideline value of Jeinfer Nagar has undergone several revisions. The earliest recorded guideline value was Rs 50 per sq.ft in 2007. This figure saw a significant increase to Rs 1,000 per sq.ft in 2012, marking a rise of 1,900%. However, by 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 2,100%.

Guideline values in Sadayankuppam

In Sadayankuppam, there are 20 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,200 per sq.ft, with a median of Rs 1,002 per sq.ft. Jeinfer Nagar's current guideline value of Rs 1,100 per sq.ft is above this median.

• K.G.L. Nagar: Rs 1,002 per sq.ft (2024)
• Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Duvaraga Nagar: Rs 1,100 per sq.ft (2024)
• Dr. M.G.R. Nagar: Rs 1,100 per sq.ft (2024)
• Mallika Nagar: Rs 1,000 per sq.ft (2024)
• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeinfer Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jeinfer Nagar?

The Sub Registrar Office covering Jeinfer Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Sadayankuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the expected market value of the property. It is essential for buyers to be aware of the guideline value to ensure they are making an informed decision during the transaction process.

Frequently asked questions

What is the current guideline value of Jeinfer Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing significant increases and a few decreases over the years.

What is the land classification for Jeinfer Nagar?

The land classification for Jeinfer Nagar is Residential Special Type - I.

Where can I find the registration office for Jeinfer Nagar?

The registration office for Jeinfer Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Jeinfer Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.