Guideline Value for JEYAM AVENUE

Jeyam Avenue guideline value

The current guideline value of Jeyam Avenue is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village under the Gooduvancheri SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Jeyam Avenue has changed

In the 2017 revision, the guideline value was Rs 603 per sq.ft. This figure increased significantly to Rs 900 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 saw another increase to Rs 990 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for Jeyam Avenue for the years 2002, 2003, 2007, and 2012.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, placing Jeyam Avenue's 2024 figure below that median.

• Jayaram Avenue: Rs 990 per sq.ft (2024)
• Jayaprakash Nagar: Rs 1,320 per sq.ft (2024)
• Jothiram Avenue: Rs 990 per sq.ft (2024)
• Jaya Nagar Extn M.G.R. Street: Rs 2,200 per sq.ft (2024)
• Jaya Nagar Extension M.G.R. Street: Rs 2,200 per sq.ft (2024)
• Kalaignar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost to Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeyam Avenue?

The Sub Registrar Office that covers Jeyam Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mannivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it influences the overall costs involved in the transaction. It is essential to refer to the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Jeyam Avenue?

The current guideline value of Jeyam Avenue is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Jeyam Avenue?

Jeyam Avenue is classified under Residential Special Type - II. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for Jeyam Avenue?

The Sub Registrar Office for Jeyam Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Jeyam Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300.