Guideline Value for Jayaram Nagar Part-I

Jayaram Nagar Part-I guideline value

The current guideline value of Jayaram Nagar Part-I is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Keezhavedu village and falls under the Chengleput Joint I SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Jayaram Nagar Part-I has changed

Since the 2002 revision, the register has no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 750 per sq.ft, which remained unchanged in the 2023 revision. The most recent 2024 revision also maintains the guideline value at Rs 750 per sq.ft, indicating no changes across these years.

From 2017 to 2024, there has been a 0% change in the guideline value. Similarly, the transition from 2023 to 2024 also shows a 0% change, confirming the stability of the guideline value at Rs 750 per sq.ft over these years.

Guideline values in Keezhavedu

In Keezhavedu village, there are 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 415 to Rs 1,500 per sq.ft. The median value of these streets is Rs 750 per sq.ft, which is equal to the guideline value of Jayaram Nagar Part-I.

• Jayaram Nagar: Rs 635 per sq.ft (2024)
• Golden heaven Phase II: Rs 800 per sq.ft (2024)
• Golden Heaven: Rs 750 per sq.ft (2024)
• Om Sakthi Nagar: Rs 620 per sq.ft (2024)
• Rajammal Nagar: Rs 635 per sq.ft (2024)
• Sai Thirumala nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nagar Part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaram Nagar Part-I?

The Sub Registrar Office that covers Jayaram Nagar Part-I is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Keezhavedu

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

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees reflect the true value of the transaction, safeguarding the interests of both the buyer and the government.

Frequently asked questions

What is the current guideline value of Jayaram Nagar Part-I?

The current guideline value of Jayaram Nagar Part-I is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has remained stable at Rs 750 per sq.ft, with no changes noted in the revisions for 2023 and 2024.

What is the land classification for Jayaram Nagar Part-I?

The land classification for Jayaram Nagar Part-I is Mixed Type - II, which indicates the type of development and usage permissible in the area.

Where can I find the Sub Registrar Office for Jayaram Nagar Part-I?

The Sub Registrar Office for Jayaram Nagar Part-I is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Keezhavedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 7,50,000, the stamp duty would be calculated on this amount or the sale price, whichever is higher.