Guideline Value for Jayabalan Nagar

Jayabalan Nagar guideline value

The current guideline value of Jayabalan Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Somangalam_B village, under the Sriperumpudur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jayabalan Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. It remained unchanged at Rs 400 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, indicating a 49% increase from 2017 to 2023. The guideline value has not changed from 2023 to 2024, showing a 0% change during that period.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Jayabalan Nagar. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Jayabalan Nagar is above this median.

• Jayaram Nagar: Rs 250 per sq.ft (2024)
• Jeyam Nagar: Rs 400 per sq.ft (2024)
• Indira Nagar Part II: Rs 200 per sq.ft (2024)
• Indira Nagar: Rs 400 per sq.ft (2024)
• Kailashpuri Nagar: Rs 250 per sq.ft (2024)
• Hi-tech city Extension: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jayabalan Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the 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 Jayabalan Nagar?

The Sub Registrar Office that covers Jayabalan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Somangalam_B, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayabalan Nagar?

The current guideline value of Jayabalan Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and 2024, reflecting a 49% increase from 2017 to 2024.

What is the land classification for Jayabalan Nagar?

Jayabalan Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

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

The Sub Registrar Office for Jayabalan Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jayabalan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 28,000.