Guideline Value for Jayaram Nagar

Jayaram Nagar guideline value

The current guideline value of Jayaram Nagar, located in Ayappakkam village under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Jayaram Nagar has changed

The guideline value for Jayaram Nagar has undergone several revisions over the years. The earliest recorded value was Rs 72 per sq.ft in 2002, which saw a significant increase to Rs 90 per sq.ft in 2003, marking a 25% rise. Following this, the value surged to Rs 400 per sq.ft in 2007, reflecting a remarkable increase of 344%. The value then rose to Rs 1,000 per sq.ft in 2012, representing a 150% increase from the previous revision. However, it decreased to Rs 670 per sq.ft in 2017, showing a decline of 33%. The value was again revised to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1428%. The register has no figures for the years between the revisions listed above.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Jayaram Nagar is below this median.

• Jayaram Street: Rs 1,600 per sq.ft (2024)
• Jayaram Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Jaya Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Jeevarathina Naicker Nagar: Rs 1,100 per sq.ft (2024)
• Jeevarathina street(iyappan nagar extn): Rs 1,700 per sq.ft (2024)
• Janakiraman street (jayaram nagar): Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 Ayappakkam

The guideline value is a crucial factor during the registration of property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware that the guideline value can influence the overall transaction costs involved in property dealings.

When a property is registered, the guideline value is used to assess the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected based on the established value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jayaram Nagar?

The current guideline value of Jayaram Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 72 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 1428% over the years.

What is the land classification of Jayaram Nagar?

Jayaram Nagar is classified as Residential Class I Type - II.

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

The Sub Registrar Office for 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.

How is stamp duty calculated for properties in Jayaram Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.