Guideline Value for Jamuna Nagar

Jamuna Nagar guideline value

The current guideline value of Jamuna Nagar, located in Ayappakkam village under the Ambattur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jamuna Nagar has changed

The guideline value for Jamuna Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, reflecting an 8% increase from 2023. Overall, from 2017 to 2024, the guideline value has risen by 61%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing the 2024 guideline value of Jamuna Nagar above this median.

• Janakiraman street (jayaram nagar): Rs 1,100 per sq.ft (2024)
• Jain Nagar Prathana Salai: Rs 880 per sq.ft (2024)
• Jain Nagar (Kamarajar Street): Rs 880 per sq.ft (2024)
• Jain Nagar (Jayalalitha street): Rs 880 per sq.ft (2024)
• Jain Nagar: Rs 880 per sq.ft (2024)
• Jagadeesan Street(Bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jamuna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total amount for stamp duty and registration fee would be Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jamuna Nagar?

The Sub Registrar Office that covers Jamuna Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ayappakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Jamuna Nagar?

The current guideline value of Jamuna Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, which is an overall increase of 61%.

What are the stamp duty rates for property in Jamuna Nagar?

The stamp duty rate for property in Jamuna Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Jamuna Nagar located?

The Sub Registrar Office for Jamuna Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Ayappakkam?

The median guideline value for streets in Ayappakkam is Rs 1,300 per sq.ft, with Jamuna Nagar's value being above this median.