Guideline Value for Jayam Nagar K.B.K.city

Jayam Nagar K.B.K.city guideline value

The current guideline value of Jayam Nagar K.B.K.city is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Nelli village and falls under the jurisdiction of the Salavakkam SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Jayam Nagar K.B.K.city has changed

The guideline value for Jayam Nagar K.B.K.city has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, marking a 49% rise. The latest 2024 revision has further increased the value to Rs 103 per sq.ft, a change of 3% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 3%.

Guideline values in Nelli

Nelli village has 25 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 103 per sq.ft, with the median value being Rs 103 per sq.ft. Jayam Nagar K.B.K.city's 2024 figure matches this median.

• Jupiter Mega City: Rs 103 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 103 per sq.ft (2024)
• Deepam Nagar Part-2: Rs 103 per sq.ft (2024)
• Deepam Nagar: Rs 101 per sq.ft (2024)
• Malligai Nagar: Rs 103 per sq.ft (2024)
• Muthamiz Nagar: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Nagar K.B.K.city

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060. Together, the total cost would be Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayam Nagar K.B.K.city?

The Sub Registrar Office that covers Jayam Nagar K.B.K.city is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Nelli, as it determines the minimum value at which property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation.

During the registration process, buyers must pay stamp duty and registration fees 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 K.B.K.city?

The current guideline value of Jayam Nagar K.B.K.city is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification for Jayam Nagar K.B.K.city?

The land classification for Jayam Nagar K.B.K.city is Residential Special Type - I.

Where is the Sub Registrar Office for Jayam Nagar K.B.K.city located?

The Sub Registrar Office for Jayam Nagar K.B.K.city is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated in Jayam Nagar K.B.K.city?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,03,000, the stamp duty would be Rs 7,210 at a rate of 7%.