Guideline Value for Jaycee Nagar

Jaycee Nagar guideline value

The current guideline value of Jaycee Nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Mixed Special Type - I.

How the guideline value of Jaycee Nagar has changed

The guideline value of Jaycee Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a 400% rise. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, reflecting a 33% drop. The most recent revision in 2023 brought the value back up to Rs 2,000 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific guideline values provided for other streets in Urapakkam. Jaycee Nagar is one of the notable areas under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Jaycee Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaycee Nagar?

The Sub Registrar Office that covers Jaycee 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 Urapakkam

The guideline value is a crucial factor during the registration of property transactions in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher amount between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jaycee Nagar?

The current guideline value of Jaycee Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and is currently back at Rs 2,000 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Jaycee Nagar?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office covers Jaycee Nagar?

The Gooduvancheri Sub Registrar Office covers Jaycee Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any guideline values for other streets in Urapakkam?

Currently, there are no specific guideline values provided for other streets in Urapakkam. Jaycee Nagar is one of the notable areas under the Gooduvancheri SRO.