Guideline Value for Jayabutha Vinayakar Nagar

Jayabutha Vinayakar Nagar guideline value

The current guideline value of Jayabutha Vinayakar Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This locality is situated in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Jayabutha Vinayakar Nagar has changed

The guideline value for Jayabutha Vinayakar Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 700 per sq.ft. The most recent revision in 2024 again maintained the value at Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Jayabutha Vinayakar Nagar at this median value.

• Jashwin Nagar: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jagathguru Jeyandrar Nagar: Rs 700 per sq.ft (2024)
• jayasri Nagar: Rs 1,000 per sq.ft (2024)
• Iswarya Nagar: Rs 1,200 per sq.ft (2024)
• Jemi Nagar I: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Jayabutha Vinayakar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, totaling Rs 49,000, while the registration fee is 2%, amounting to Rs 14,000. Therefore, the total cost for stamp duty and registration fees would be Rs 63,000. 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 more detailed calculations.

Which Sub Registrar Office covers Jayabutha Vinayakar Nagar?

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

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

The guideline value is a crucial factor that determines the stamp duty and registration fees payable when buying or selling property in Sriperumbudur A. This value is set by the Registration Department and is used to assess the financial obligations of both buyers and sellers during a property transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate dealings. It is essential for buyers and sellers to be aware of the current guideline values to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Jayabutha Vinayakar Nagar?

The current guideline value of Jayabutha Vinayakar Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024.

What is the classification of land in Jayabutha Vinayakar Nagar?

Jayabutha Vinayakar Nagar is classified as Residential Class III Type - I.

What other streets have guideline values in Sriperumbudur A?

Other streets in Sriperumbudur A include Jashwin Nagar, Jaya Nagar, Jagathguru Jeyandrar Nagar, jayasri Nagar, Iswarya Nagar, and Jemi Nagar I, with values ranging from Rs 700 to Rs 1,200 per sq.ft.

Where can I find the Sub Registrar Office for Jayabutha Vinayakar Nagar?

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