Guideline Value for Jayaram Street (Bhavani nagar)

Jayaram Street (Bhavani nagar) guideline value

The current guideline value of Jayaram Street (Bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, and the land classification is Residential Special Type - III.

How the guideline value of Jayaram Street (Bhavani nagar) has changed

The guideline value of Jayaram Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft as of the 2024 revision. The changes between these revisions are notable: from 2007 to 2012, there was a remarkable increase of 275%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023 and by 7% from 2023 to 2024.

The overall change from 2007 to 2024 reflects a significant increase of 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Jayaram Street's 2024 guideline value above that median.

• Jayaram Street: Rs 1,600 per sq.ft (2024)
• Jaya Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Jayaram 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)
• JK Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Street (Bhavani nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jayaram Street (Bhavani nagar)?

The Sub Registrar Office that covers Jayaram Street (Bhavani 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 when buying or selling property in Ayappakkam. It is used to determine the stamp duty and registration fees applicable during the property transaction. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees.

When registering a property, the guideline value serves as a benchmark for the transaction. It helps in assessing the market value of the property and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayaram Street?

The current guideline value of Jayaram Street (Bhavani 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 from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

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

Other streets in Ayappakkam include Jaya Sakthi Nagar, Jayaram Nagar, Jeevarathina Naicker Nagar, Jeevarathina street (iyappan nagar extn), and JK Avenue, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft in 2024.

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

The Sub Registrar Office for Jayaram Street (Bhavani 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 Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.