Guideline Value for Jai Nagar

Jai Nagar guideline value

The current guideline value of Jai Nagar, located in Amarampedu village under the Sriperumpudur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jai Nagar has changed

The guideline value for Jai Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 100 per sq.ft. This figure increased significantly to Rs 350 per sq.ft in 2012, marking a 250% rise. However, there was a decrease to Rs 234 per sq.ft in 2017, which represented a 33% drop. The value then remained stable at Rs 350 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years.

Overall, from 2007 to 2024, the guideline value has increased by 250%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Amarampedu

In Amarampedu village, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Jai Nagar's 2024 figure above that median.

• Indira Gandhi Street: Rs 100 per sq.ft (2024)
• Kalaignar Street: Rs 150 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kanniamman Koil Street: Rs 150 per sq.ft (2024)
• Kannika Parameswari Nagar: Rs 200 per sq.ft (2024)
• Fab City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, resulting in a total of Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Nagar?

The Sub Registrar Office that covers Jai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Amarampedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to avoid discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Jai Nagar?

The current guideline value of Jai Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017, and remained at Rs 350 per sq.ft in both 2023 and 2024.

What is the land classification for Jai Nagar?

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

What are the guideline values for other streets in Amarampedu?

Other streets in Amarampedu have varying guideline values, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft.

Where is the Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.