Guideline Value for Jayamangalam Nagar

Jayamangalam Nagar guideline value

The current guideline value of Jayamangalam Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Siru Mathoor village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Jayamangalam Nagar has changed

The guideline value for Jayamangalam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 250 per sq.ft. The 2017 revision marked a significant change, increasing the value to Rs 167 per sq.ft, which was a decrease of 33% from the previous revision. From 2017 to 2023, the value increased by 50% back to Rs 250 per sq.ft.

As of the 2024 revision, the guideline value is Rs 250 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Siru Mathoor

Siru Mathoor village has 24 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 600 per sq.ft, indicating that the 2024 figure for Jayamangalam Nagar is below this median.

• Gandhi Nagar: Rs 250 per sq.ft (2024)
• EVP Antiha Nagar: Rs 600 per sq.ft (2024)
• Kulakkarai street: Rs 600 per sq.ft (2024)
• Kundru Mettu Street: Rs 600 per sq.ft (2024)
• Docla Project: Rs 1,810 per sq.ft (2024)
• C.S.Sai Nagar Padappai: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jayamangalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayamangalam Nagar?

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

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

The guideline value is a crucial factor in property transactions within Siru Mathoor. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value acts as a benchmark for assessing the value of properties in the area.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jayamangalam Nagar?

The current guideline value of Jayamangalam Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft in 2024, unchanged from 2023. The value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Jayamangalam Nagar?

Jayamangalam Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, on a 1,000 sq.ft plot at Rs 250 per sq.ft, the total fees would amount to Rs 22,500.

Where is the Sub Registrar Office for Jayamangalam Nagar located?

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