Guideline Value for Jayam Nagar

Jayam Nagar guideline value

The current guideline value of Jayam Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Jayam Nagar has changed

The guideline value for Jayam Nagar has seen several revisions over the years. Starting from Rs 206 per sq.ft in 2007, it increased significantly to Rs 700 per sq.ft in 2012. However, it then dropped to Rs 469 per sq.ft in 2017. The value remained unchanged at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from the 2017 figure, but no change from the previous two years. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 240%, and from 2012 to 2017, it decreased by 33%. Overall, from 2007 to 2024, the guideline value has increased by 240%, reflecting the fluctuations in property valuation over the years.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values for 2024 ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this village is Rs 800 per sq.ft, placing Jayam Nagar's 2024 figure below that median.

• Indhira Gandhi Nagar: Rs 600 per sq.ft (2024)
• Guru Ramesh Nagar: Rs 700 per sq.ft (2024)
• Gunguni Amman Kovil Theru: Rs 600 per sq.ft (2024)
• Kamatchi Nagar: Rs 500 per sq.ft (2024)
• Green Garden-I,II,III,IV: Rs 800 per sq.ft (2024)
• Green Garden: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Jayam Nagar?

The Sub Registrar Office that covers Jayam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the applicable charges, ensuring that the transaction is legally recognized and properly documented. This value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jayam Nagar?

The current guideline value of Jayam 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 changed from Rs 206 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and remained at Rs 700 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kavanur?

The median guideline value in Kavanur village is Rs 800 per sq.ft, with Jayam Nagar's current value being below this median.

What are the stamp duty and registration fees for properties in Jayam Nagar?

For a property valued at Rs 7,00,000 in Jayam Nagar, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Jayam Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.