Guideline Value for Jayaram Nagar

Jayaram Nagar guideline value

The current guideline value of Jayaram Nagar, located in Kerugambakkam village, is Rs 2,750 per sq.ft. This value is set by the Pammal SRO and is classified under Residential Class I Type - I.

How the guideline value of Jayaram Nagar has changed

The guideline value for Jayaram Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 2,750 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%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are a total of 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, making Jayaram Nagar's current rate above this median.

• Jayaram Nagar Extn: Rs 2,750 per sq.ft (2024)
• Kadumpadi Amman Koil Street: Rs 1,760 per sq.ft (2024)
• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,980 per sq.ft (2024)
• Kalaigar Street: Rs 1,980 per sq.ft (2024)
• Kalaivanar Street: Rs 1,980 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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaram Nagar?

The Sub Registrar Office that covers Jayaram Nagar 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 Kerugambakkam

The guideline value is a crucial factor when registering property in Kerugambakkam. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value serves as a benchmark for calculating the costs involved in the registration process. This ensures that the fees are aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Jayaram Nagar?

The current guideline value of Jayaram Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% during this period.

What are the other streets in Kerugambakkam with their guideline values?

Other streets in Kerugambakkam include Jayaram Nagar Extn at Rs 2,750 per sq.ft, Kadumpadi Amman Koil Street at Rs 1,760 per sq.ft, and Kakkanji Street at Rs 1,100 per sq.ft, among others.

What is the registration fee for property in Jayaram Nagar?

The registration fee in Jayaram Nagar is calculated at 2% of the guideline value. For a property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Where is the Sub Registrar Office for Jayaram Nagar located?

The Sub Registrar Office for Jayaram Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office falls under the Chengalpattu registration zone.