Guideline Value for Jayam Nagar Extn

Jayam Nagar Extn guideline value

The current guideline value of Jayam Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Soorapattu village and falls under the Ambattur SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Jayam Nagar Extn has changed

In the 2012 revision, the guideline value was Rs 1,100 per sq.ft. This figure remained until the 2017 revision when it decreased to Rs 737 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,100 per sq.ft in the 2023 revision, reflecting a 49% rise. The current guideline value is Rs 1,200 per sq.ft from the 2024 revision, representing a 9% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Jayam Nagar Extn is below this median.

• Jayam Nagar: Rs 1,200 per sq.ft (2024)
• Jasmin Nagar Extn: Rs 2,400 per sq.ft (2024)
• Jasmine Nagar: Rs 1,900 per sq.ft (2024)
• J.P.Nagar: Rs 2,200 per sq.ft (2024)
• J.P. Nagar(1st Street): Rs 2,200 per sq.ft (2024)
• J.P. Nagar(2nd Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total Rs 1,08,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayam Nagar Extn?

The Sub Registrar Office that covers Jayam Nagar Extn 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 Soorapattu

The guideline value is an important factor in property transactions in Soorapattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayam Nagar Extn?

The current guideline value of Jayam Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and currently stands at Rs 1,200 per sq.ft in 2024.

What are the stamp duty rates for property in Jayam Nagar Extn?

The stamp duty for property in Jayam Nagar Extn is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Jayam Nagar Extn?

The Ambattur Sub Registrar Office handles property registrations in Jayam Nagar Extn, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Jayam Nagar Extn?

The land classification for Jayam Nagar Extn is Residential Class II Type - II, indicating its use for residential purposes.