Guideline Value for Jaya Nagar Extn - II

Jaya Nagar Extn - II guideline value

The current guideline value of Jaya Nagar Extn - II is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of Jaya Nagar Extn - II has changed

The guideline value for Jaya Nagar Extn - II has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision and remained the same in the 2024 revision, resulting in a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. The values from 2017 to 2024 indicate a stable rate since 2023, with no change in the guideline value.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that have a guideline value for 2024 ranging from Rs 1,000 to Rs 1,300 per sq.ft, with a median of Rs 1,003 per sq.ft. The guideline value for Jaya Nagar Extn - II is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 more detailed calculations.

Which Sub Registrar Office covers Jaya Nagar Extn - II?

The Jaya Nagar Extn - II area falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official valuation set by the Registration Department. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Jaya Nagar Extn - II?

The current guideline value of Jaya Nagar Extn - II is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023 and 2024, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

Where can I find the registration office for Jaya Nagar Extn - II?

The registration office for Jaya Nagar Extn - II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for properties in Jaya Nagar Extn - II?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. The duty is charged on the higher of the guideline value or the sale price.

What is the land classification for Jaya Nagar Extn - II?

Jaya Nagar Extn - II is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.