Guideline Value for Jayaram Street, Periyar Nagar

Jayaram Street, Periyar Nagar guideline value

The current guideline value of Jayaram Street, Periyar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO and is classified as Residential Class II Type - II.

How the guideline value of Jayaram Street, Periyar Nagar has changed

The guideline value for Jayaram Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. In 2023, this value increased to Rs 1,800 per sq.ft, representing a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Jayaram Street's 2024 guideline value below this median.

• Jayatheeratha Rao Street, LIC Colony Extn: Rs 2,530 per sq.ft (2024)
• Jayatheerthan Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Jayaraman Street/ Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Jayaprakash Street: Rs 1,760 per sq.ft (2024)
• Jeevanandham Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Jeevanandhan Street / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaram Street, Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaram Street, Periyar Nagar?

The Sub Registrar Office that covers Jayaram Street, Periyar 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayaram Street, Periyar Nagar?

The current guideline value of Jayaram Street, Periyar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64% over this period.

What is the registration fee for property in Jayaram Street?

The registration fee for property in Jayaram Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the registration fee would be Rs 39,600.

Which office handles registrations for Jayaram Street?

The Pammal Sub Registrar Office handles registrations for Jayaram Street, Periyar Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with different guideline values in Pammal?

Yes, there are several other streets in Pammal with varying guideline values. For instance, Jayatheeratha Rao Street and Jayatheerthan Street both have a guideline value of Rs 2,530 per sq.ft in 2024.