Guideline Value for Jayaram Nagar 1st Street

Jayaram Nagar 1st Street guideline value

The current guideline value of Jayaram Nagar 1st Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Jayaram Nagar 1st Street has changed

The guideline value for Jayaram Nagar 1st Street has seen several revisions over the years. In 2017, the value was Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as that of Jayaram Nagar 1st Street.

• Jayaram Nagar 2nd Street: Rs 2,420 per sq.ft (2024)
• Jayaram Nagar Main Road: Rs 2,420 per sq.ft (2024)
• Jayaraman Street: Rs 2,420 per sq.ft (2024)
• Jegajeevanram Nagar (S.no.265 Only): Rs 2,200 per sq.ft (2024)
• Kabilar Street: Rs 2,200 per sq.ft (2024)
• J.R.Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaram Nagar 1st Street?

The Sub Registrar Office that covers Jayaram Nagar 1st Street 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 information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayaram Nagar 1st Street?

The current guideline value of Jayaram Nagar 1st Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, showing a 64% increase overall. The value rose from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024, which is a 10% increase.

What is the median guideline value for streets in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft. This value is the same as that of Jayaram Nagar 1st Street for the year 2024.

What are the stamp duty and registration fees for a property in Jayaram Nagar 1st Street?

For a property with a guideline value of Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Jayaram Nagar 1st Street?

The Pammal Sub Registrar Office handles registrations for Jayaram Nagar 1st Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.