Guideline Value for Jaya Nagar

Jaya Nagar guideline value

The current guideline value of Jaya Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Jaya Nagar has changed

The guideline value of Jaya Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 173 per sq.ft. This figure increased to Rs 210 in 2007, marking a 21% rise. By 2017, the value surged to Rs 1,407 per sq.ft, reflecting a remarkable 570% increase from the 2007 revision. The 2023 revision saw the value further increase to Rs 2,099 per sq.ft, which was a 49% rise compared to 2017.

The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, representing a 12% increase from the previous year. Notably, there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, indicating that Jaya Nagar's 2024 figure is above this median.

• Jawahar lal Nehru Salai: Rs 2,860 per sq.ft (2024)
• Jaswanth Nagar: Rs 1,870 per sq.ft (2024)
• Indra Nagar (All Streets): Rs 1,760 per sq.ft (2024)
• Indira Nagar Vivekanandar Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Lal Bagadur Sasthiri Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Kattabomman Street: Rs 1,760 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 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Jaya Nagar?

The Sub Registrar Office that covers Jaya Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer and seller must adhere to the guideline value set for that area to ensure compliance with the law. This value is essential for both parties to understand the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Jaya Nagar?

The current guideline value of Jaya Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 173 in 2003 to Rs 2,350 in 2024, showing an overall increase of 1258% over the years.

What is the registration office for Jaya Nagar?

The registration office for Jaya Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for property in Jaya Nagar?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

What is the land classification for Jaya Nagar?

Jaya Nagar is classified as Residential Class III Type - I, which indicates its zoning for residential purposes.