Guideline Value for Jayaram Nagar Main Road

Jayaram Nagar Main Road guideline value

The current guideline value of Jayaram Nagar Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jayaram Nagar Main Road has changed

In the 2017 revision, the guideline value was Rs 1,474 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 2,420 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available 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 for these streets is Rs 2,420 per sq.ft, which is the same as the 2024 figure for Jayaram Nagar Main Road.

• Jayaram Nagar 2nd Street: Rs 2,420 per sq.ft (2024)
• Jayaram Nagar 1st Street: 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaram Nagar Main Road?

The Sub Registrar Office that covers Jayaram Nagar Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 when registering property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring compliance with local regulations.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayaram Nagar Main Road?

The current guideline value of Jayaram Nagar Main Road 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, marking an overall increase of 64% over these years.

What are the stamp duty and registration fees for properties in Jayaram Nagar Main Road?

For a property valued at Rs 24,20,000, the stamp duty is Rs 1,69,400, and the registration fee is Rs 48,400, totaling Rs 2,17,800.

Which office handles property registration for Jayaram Nagar Main Road?

The Pammal Sub Registrar Office is responsible for property registration in Jayaram Nagar Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Jayaram Nagar Main Road?

The land classification for Jayaram Nagar Main Road is Residential Class I Type - I, indicating its suitability for residential development.