Guideline Value for Jayalakshmi Nagar

Jayalakshmi Nagar guideline value

The current guideline value of Jayalakshmi Nagar, located in Naduveerapattu village under the Padappai SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Jayalakshmi Nagar has changed

The guideline value for Jayalakshmi Nagar has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 600 per sq.ft in 2023, and then further increased by 10% to Rs 660 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Naduveerapattu

Naduveerapattu village has 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median value is Rs 660 per sq.ft, making Jayalakshmi Nagar's 2024 figure equal to this median.

• Jagan Nagar: Rs 770 per sq.ft (2024)
• Indira Nagar: Rs 1,650 per sq.ft (2024)
• Indigo Nagar: Rs 1,320 per sq.ft (2024)
• Kalki Nagar: Rs 550 per sq.ft (2024)
• Gurupatham Nagar: Rs 550 per sq.ft (2024)
• Green Paradise Phase - II: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Jayalakshmi Nagar?

The Sub Registrar Office that covers Jayalakshmi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Naduveerapattu. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

Buyers and sellers should be aware that the guideline value is set by the Registration Department and reflects the value of the property for official purposes. It is essential to consult the guideline value register to understand the applicable charges accurately.

Frequently asked questions

What is the current guideline value of Jayalakshmi Nagar?

The current guideline value of Jayalakshmi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Jayalakshmi Nagar?

Jayalakshmi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The Padappai Sub Registrar Office, which covers Jayalakshmi Nagar, is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Jayalakshmi 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 guideline value would be Rs 6,60,000, with the stamp duty calculated accordingly.