Guideline Value for Jaya Nagar

Jaya Nagar guideline value

The current guideline value of Jaya Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Jaya Nagar has changed

Over the years, the guideline value of Jaya Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,600 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 7% increase, resulting in an overall increase of 7% from 2012 to 2024.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, placing Jaya Nagar's 2024 figure below that median.

• Jayaram Nager: Rs 1,900 per sq.ft (2024)
• Janagiram Nagar: Rs 1,600 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Jeyaparvthy Nagar: Rs 1,700 per sq.ft (2024)
• Jagadees nagar: Rs 1,600 per sq.ft (2024)
• Kaddappa Road: Rs 2,201 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaya Nagar?

The Sub Registrar Office that covers Jaya Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the property registration process in Puthagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and fairness in the registration process, as the fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Jaya Nagar?

The current guideline value of Jaya Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with a notable decrease to Rs 1,005 per sq.ft in 2017 and an increase to Rs 1,500 per sq.ft in 2023.

What is the land classification of Jaya Nagar?

Jaya Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Jaya Nagar?

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

How is the stamp duty calculated for property in Jaya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.