Guideline Value for Jayaram Nagar

Jayaram Nagar guideline value

The current guideline value of Jayaram Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Jayaram Nagar has changed

The guideline value for Jayaram Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then dropped to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 further increased the guideline value to Rs 1,600 per sq.ft, marking a 7% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Ambattur

In Ambattur, there are a total of 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Jayaram Nagar's 2024 figure below this median.

• jayalalitha Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Jayalakshmi Street: Rs 3,600 per sq.ft (2024)
• Jeevarathnam Street: Rs 3,600 per sq.ft (2024)
• Jawagar Street: Rs 4,600 per sq.ft (2024)
• Industrial Estate (North Phase): Rs 5,400 per sq.ft (2024)
• Industrial Estate 3rd Main Road: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jayaram Nagar?

The Sub Registrar Office that covers Jayaram Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a recognized value rather than the sale price alone.

When buying or selling property, it is crucial to be aware of the guideline value as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Jayaram Nagar?

The current guideline value of Jayaram Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with notable increases in 2023 and 2017 revisions.

What are the registration fees for property in Jayaram Nagar?

For a property valued at Rs 16,00,000, the stamp duty is Rs 1,12,000 and the registration fee is Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office handles registrations for Jayaram Nagar?

The Ambattur Sub Registrar Office handles registrations for Jayaram Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for Jayaram Nagar?

Jayaram Nagar is classified as Residential Class V Type - I, indicating its designation for residential purposes within the area.