Guideline Value for Jayanthi Nagar

Jayanthi Nagar guideline value

The current guideline value of Jayanthi Nagar, located in Ponthoor village under the Sriperumpudur SRO, is Rs 402 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Jayanthi Nagar has changed

The guideline value of Jayanthi Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 65 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, there was a decrease to Rs 268 per sq.ft in the 2017 revision. The value remained stable at Rs 402 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 518%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Ponthoor

In Ponthoor, there are 79 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Jayanthi Nagar's 2024 figure above this median.

• JBM Garden: Rs 1,500 per sq.ft (2024)
• Jemi Garden Avenue: Rs 402 per sq.ft (2024)
• Iruvatchi Poo Street: Rs 200 per sq.ft (2024)
• Irular Street: Rs 200 per sq.ft (2024)
• Jpm Republic Villa: Rs 2,239 per sq.ft (2024)
• Jss Nagar: Rs 448 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 402 per sq.ft, the total guideline value would be Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total fees together to Rs 36,180. 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 more information.

Which Sub Registrar Office covers Jayanthi Nagar?

The Jayanthi Nagar area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial reference point when buying or selling property in Ponthoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process ensures transparency and helps in maintaining accurate records of property transactions.

Frequently asked questions

What is the current guideline value of Jayanthi Nagar?

The current guideline value of Jayanthi Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 65 per sq.ft in 2007 to Rs 402 per sq.ft in 2024, reflecting an overall increase of 518% over the years.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor is Rs 300 per sq.ft, with Jayanthi Nagar's current value being above this median.

What fees are associated with buying property in Jayanthi Nagar?

When purchasing property in Jayanthi Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jayanthi Nagar?

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