Guideline Value for Jayaraman Nagar

Jayaraman Nagar guideline value

The current guideline value of Jayaraman Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Jayaraman Nagar has changed

The guideline value for Jayaraman Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 176 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, in the 2017 revision, the value rose to Rs 536 per sq.ft, marking a 49% increase from the previous revision. The 2023 revision maintained the value at Rs 800 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

Notably, there are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 355%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Jayaraman Nagar's 2024 value below this median.

• Jayaraman Nagar( 255/2a,259/1a,259/4a1 ): Rs 1,650 per sq.ft (2024)
• Jbm Enclave Phase -I: Rs 800 per sq.ft (2024)
• Hindu Avenue Extn-V: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension I & II: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension -6: Rs 701 per sq.ft (2024)
• Hindu Avenue: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Jayaraman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayaraman Nagar?

The Sub Registrar Office that covers Jayaraman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the total costs involved. Buyers and sellers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayaraman Nagar?

The current guideline value of Jayaraman Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 176 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then to Rs 536 per sq.ft in 2017, and back to Rs 800 per sq.ft in 2023 and 2024.

What is the land classification of Jayaraman Nagar?

Jayaraman Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Jayaraman Nagar?

The Sub Registrar Office for Jayaraman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jayaraman Nagar?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 800 per sq.ft would incur a total guideline value of Rs 8,00,000, resulting in a stamp duty of Rs 56,000.