Guideline Value for Jayamary Street / Nagalkeni

Jayamary Street / Nagalkeni guideline value

The current guideline value of Jayamary Street / Nagalkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Jayamary Street / Nagalkeni has changed

The guideline value for Jayamary Street / Nagalkeni has seen several revisions over the years. Starting from Rs 187 per sq.ft in 2002, it increased to Rs 212 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 570 per sq.ft in 2007, a significant increase of 169%. In 2017, the guideline value was revised to Rs 1,206 per sq.ft, reflecting a 112% increase from the previous revision. However, there is no figure available for this street in the 2012 revision.

Continuing the trend, the 2023 revision set the guideline value at Rs 1,800 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 saw the guideline value rise to Rs 1,980 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 959%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in the village is Rs 2,090 per sq.ft, placing Jayamary Street / Nagalkeni's 2024 figure below this median.

• Jayaprakash Street: Rs 1,760 per sq.ft (2024)
• Jayaraman Street/ Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Janakiraman Street, Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Janaki Raman Street: Rs 1,980 per sq.ft (2024)
• James Street / Shivashankaran Nagar: Rs 2,475 per sq.ft (2024)
• James Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Jayamary Street / Nagalkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayamary Street / Nagalkeni?

The Sub Registrar Office that covers Jayamary Street / Nagalkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities use the guideline value to calculate the applicable charges. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Jayamary Street / Nagalkeni?

The current guideline value of Jayamary Street / Nagalkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 187 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 959% across the years.

What are the guideline values of other streets in Pammal?

Other streets in Pammal have varying guideline values, with rates ranging from Rs 880 to Rs 3,300 per sq.ft. The median value in the village is Rs 2,090 per sq.ft.

What are the stamp duty and registration fees for properties in Jayamary Street / Nagalkeni?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration for Jayamary Street / Nagalkeni?

The Pammal Sub Registrar Office is responsible for handling registrations for Jayamary Street / Nagalkeni, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.