Guideline Value for Jayaram Nagar

Jayaram Nagar guideline value

The current guideline value of Jayaram Nagar, located in Nedunkumdram village, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - IV.

How the guideline value of Jayaram Nagar has changed

As per the guideline value register, the revisions for Jayaram Nagar have seen the following changes: The 2023 revision listed the guideline value at Rs 1,000 per sq.ft. With the 2024 revision, there has been an increase of 10%, bringing the current value to Rs 1,100 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. This reflects a notable adjustment in the guideline value, aligning with the current market conditions.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Jayaram Nagar's current value is below this median.

• J.J.S 1st Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S 2nd Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S Garden: Rs 2,200 per sq.ft (2024)
• J.J.S Garden Phase II: Rs 3,300 per sq.ft (2024)
• Isha Shubham: Rs 2,200 per sq.ft (2024)
• Isha Santhosham: Rs 2,970 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 would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total 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.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Jayaram Nagar?

The Sub Registrar Office that covers Jayaram Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Nedunkumdram, the guideline value plays a significant role in calculating the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential to be aware that the guideline value can vary between different streets and areas. Buyers and sellers should ensure they are informed about the current guideline values to avoid any discrepancies 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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Jayaram Nagar?

Jayaram Nagar is classified as Residential Special Type - IV, indicating its suitability for residential development.

How is stamp duty calculated for properties in Jayaram Nagar?

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

Where is the Sub Registrar Office for Jayaram Nagar located?

The Sub Registrar Office covering Jayaram Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.