Guideline Value for Jaya Nagar

Jaya Nagar guideline value

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

How the guideline value of Jaya Nagar has changed

The guideline value for Jaya Nagar has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 233% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The subsequent revision in 2023 maintained the value at Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 233%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Jaya Nagar.

• Jayapaul Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Part-1,2: Rs 1,000 per sq.ft (2024)
• Jayarajan Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Annex-1: Rs 1,000 per sq.ft (2024)
• Jayaram Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,000 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that 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 Jaya Nagar?

The Jaya Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Adhanoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is bought or sold, the guideline value is referenced to determine the applicable fees. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jaya Nagar?

The current guideline value of Jaya Nagar 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 changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft from 2017 to 2024.

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

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

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification of Jaya Nagar?

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