Guideline Value for Jaya Sakthi Nagar

Jaya Sakthi Nagar guideline value

The current guideline value of Jaya Sakthi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Jaya Sakthi Nagar has changed

The guideline value for Jaya Sakthi Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 69 per sq.ft. This increased significantly to Rs 90 per sq.ft in 2003, marking a rise of 30%. The value continued to climb to Rs 400 per sq.ft in 2007, a substantial increase of 344%. The next revision in 2012 saw the value drop to Rs 1,000 per sq.ft, a decrease of 33%. However, it rebounded to Rs 670 per sq.ft in 2017, reflecting a 49% increase. The most recent revision in 2023 set the value at Rs 1,000 per sq.ft, which then rose to Rs 1,100 per sq.ft in 2024, a 10% increase.

There are no figures available for the years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 1,494%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft as of 2024. The median guideline value is Rs 1,300 per sq.ft, which means Jaya Sakthi Nagar's 2024 figure is below that median.

• Jayaram Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Jayaram Street: Rs 1,600 per sq.ft (2024)
• Jayaram Nagar: Rs 1,100 per sq.ft (2024)
• Jeevarathina Naicker Nagar: Rs 1,100 per sq.ft (2024)
• Jeevarathina street (iyappan nagar extn): Rs 1,700 per sq.ft (2024)
• JK Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaya Sakthi Nagar?

The Sub Registrar Office that covers Jaya Sakthi 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 more information.

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

When buying or selling property in Ayappakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the actual sale price.

Understanding the guideline value is essential for both buyers and sellers, as it helps in assessing the costs involved in the transaction. It ensures that the property is registered at a value that reflects the local market conditions as determined by the Registration Department.

Frequently asked questions

What is the current guideline value of Jaya Sakthi Nagar?

The current guideline value of Jaya Sakthi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 69 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 1,494% over the years.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is calculated based on the higher of the guideline value or the actual sale price.

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

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

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

Other streets in Ayappakkam include Jayaram Street (Bhavani nagar) at Rs 1,600 per sq.ft, Jayaram Street at Rs 1,600 per sq.ft, Jayaram Nagar at Rs 1,100 per sq.ft, Jeevarathina Naicker Nagar at Rs 1,100 per sq.ft, Jeevarathina street (iyappan nagar extn) at Rs 1,700 per sq.ft, and JK Avenue at Rs 3,300 per sq.ft.