Guideline Value for JEYA NAGAR

Jeya Nagar guideline value

The current guideline value of Jeya Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Jeya Nagar has changed

The guideline value for Jeya Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. However, this figure decreased by 33% to Rs 1,340 per sq.ft in the 2017 revision. The value then increased significantly by 49% to Rs 2,000 per sq.ft in the 2023 revision, and finally rose by 10% to the current value of Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The most notable change occurred between 2017 and 2023, where the value jumped by 49%, reflecting a significant adjustment in the guideline value during that period.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Jeya Nagar's 2024 figure below that median.

• Jayalakshmi Nagar: Rs 2,160 per sq.ft (2024)
• Iyappan Koil Street: Rs 2,750 per sq.ft (2024)
• Iyappa Nagar: Rs 2,750 per sq.ft (2024)
• Kalaivani 1st To 3rdcross Street: Rs 1,980 per sq.ft (2024)
• Kalaivani Street: Rs 2,200 per sq.ft (2024)
• Indian Colony (Sai Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jeya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jeya Nagar?

The Sub Registrar Office that covers Jeya Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Kilkattalai. When a property is bought or sold, the guideline value serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate financial planning during the transaction process. This value reflects the official assessment of property worth in the area, impacting the costs associated with property registration.

Frequently asked questions

What is the current guideline value of Jeya Nagar?

The current guideline value of Jeya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Jeya Nagar?

Jeya Nagar is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Jeya Nagar?

The Sub Registrar Office for Jeya Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated in Jeya Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total guideline value of Rs 22,00,000, leading to specific fees for registration.