Guideline Value for Jayaram Nager

Jayaram Nager guideline value

The current guideline value of Jayaram Nager, located in Puthagaram village under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Jayaram Nager has changed

The guideline value for Jayaram Nager has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and finally, the current value is Rs 1,900 per sq.ft as per the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 6% from 2023 to 2024. Notably, the overall change from 2012 to 2024 reflects a modest increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village features a total of 140 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value across these streets is Rs 1,900 per sq.ft, which is the same as the guideline value for Jayaram Nager.

• Jaya Nagar: Rs 1,600 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Jeyaparvthy Nagar: Rs 1,700 per sq.ft (2024)
• Janagiram Nagar: Rs 1,600 per sq.ft (2024)
• Kaddappa Road: Rs 2,201 per sq.ft (2024)
• Jagadees Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaram Nager?

The Sub Registrar Office that covers Jayaram Nager 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 Puthagaram

The guideline value is a crucial factor when registering property transactions in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When purchasing or selling property, understanding the guideline value ensures compliance with legal requirements and helps in accurately assessing the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Jayaram Nager?

The current guideline value of Jayaram Nager is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Jayaram Nager?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers Jayaram Nager?

The Ambattur Sub Registrar Office covers Jayaram Nager, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Jayaram Nager?

Jayaram Nager is classified as Residential Class I Type - I, indicating its suitability for residential development.