Guideline Value for Jaya Nagar Extention - 1

Jaya Nagar Extention - 1 guideline value

The current guideline value of Jaya Nagar Extention - 1 is Rs 1,003 per sq.ft, effective from 1 July 2024. This property is located in Vadaperumbakkam village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jaya Nagar Extention - 1 has changed

The guideline value for Jaya Nagar Extention - 1 has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a 60% rise. However, in 2017, the value dropped to Rs 536 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 has brought the guideline value to Rs 1,003 per sq.ft, which is an increase of 87% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by 101%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft, with a median value of Rs 1,003 per sq.ft. Jaya Nagar Extention - 1's 2024 figure aligns with this median.

• Jaya Nagar Extention - 3: Rs 1,000 per sq.ft (2024)
• Jaya Nagar Extn.: Rs 1,003 per sq.ft (2024)
• Jaya Nagar Extn - II: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,003 per sq.ft (2024)
• Industrial Garden: Rs 1,006 per sq.ft (2024)
• Indira Square: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Nagar Extention - 1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value amounts to Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, while the registration fee at 2% would be Rs 20,060, bringing the total to Rs 90,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Jaya Nagar Extention - 1?

The Sub Registrar Office that covers Jaya Nagar Extention - 1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Vadaperumbakkam. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value set by the government. This helps maintain transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jaya Nagar Extention - 1?

The current guideline value of Jaya Nagar Extention - 1 is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,003 per sq.ft in 2024, representing an overall increase of 101% over this period.

What are the other streets in Vadaperumbakkam with their guideline values?

Other streets in Vadaperumbakkam include Jaya Nagar Extention - 3 at Rs 1,000 per sq.ft, Jaya Nagar Extn. at Rs 1,003 per sq.ft, Jaya Nagar Extn - II at Rs 1,000 per sq.ft, Jaya Nagar at Rs 1,003 per sq.ft, Industrial Garden at Rs 1,006 per sq.ft, and Indira Square at Rs 1,000 per sq.ft.

What is the stamp duty for property in Jaya Nagar Extention - 1?

The stamp duty for property in Jaya Nagar Extention - 1 is calculated at 7% of the guideline value. For a plot valued at Rs 10,03,000, the stamp duty would amount to Rs 70,210.

Which office handles property registration in Jaya Nagar Extention - 1?

The Redhills Sub Registrar Office handles property registration for Jaya Nagar Extention - 1. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.