Guideline Value for Jayanthi Nagar

Jayanthi Nagar guideline value

The current guideline value of Jayanthi Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Jayanthi Nagar has changed

Over the years, the guideline value of Jayanthi Nagar has seen significant changes. In 2007, the guideline value was Rs 400 per sq.ft. It increased to Rs 804 per sq.ft in 2017, marking a 101% rise. The next revision in 2023 set the value at Rs 1,200 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% rise from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current value of Jayanthi Nagar.

• Jayanthi Nagar Karumariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Jeevadoss Nagar: Rs 1,100 per sq.ft (2024)
• Jeeva Street: Rs 1,100 per sq.ft (2024)
• Jagajeevan Ram Street: Rs 1,100 per sq.ft (2024)
• J.J. Nagar: Rs 1,320 per sq.ft (2024)
• Jothi Mani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Nagar?

Jayanthi Nagar is covered by 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is registered, the higher value between the guideline value and the sale price is used to determine the applicable fees. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar?

The current guideline value of Jayanthi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking a total increase of 230% over this period.

What is the registration office for Jayanthi Nagar?

The registration office for Jayanthi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated in Jayanthi Nagar?

Stamp duty in Jayanthi Nagar is calculated based on the higher value between the guideline value and the sale price. The current rate of stamp duty is 7% of the guideline value.

Are there other streets in Pozhichalur with different guideline values?

Yes, there are several other streets in Pozhichalur with varying guideline values, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value among these is Rs 1,320 per sq.ft.