Guideline Value for Jayarajan Nagar

Jayarajan Nagar guideline value

The current guideline value for Jayarajan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Jayarajan Nagar has changed

The guideline value for Jayarajan Nagar has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, remaining unchanged in the 2024 revision.

In summary, from the 2017 revision to the 2023 revision, there was a 49% increase, while the overall change from 2007 to 2024 stands at 400%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Jayarajan Nagar.

• Jayaram Nagar: Rs 1,000 per sq.ft (2024)
• Jayapaul Nagar: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Part-1,2: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Annex-1: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jayarajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees together Rs 90,000. It is important to note that the stamp 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 Jayarajan Nagar?

The Sub Registrar Office that covers Jayarajan 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 details.

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

The guideline value plays a crucial role during property registration in Adhanoor. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration is conducted at a fair price as per the government's valuation.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value for Jayarajan Nagar?

The current guideline value for Jayarajan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with several revisions in between, including a significant increase of 400% from 2007 to 2012.

What is the land classification for Jayarajan Nagar?

Jayarajan Nagar is classified as Residential Special Type - I, which indicates its suitability for residential purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 10,00,000, the total fees would be Rs 90,000.

Which office handles the registration for Jayarajan Nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Jayarajan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.