Guideline Value for Jeyalakshmi Nagar

Jeyalakshmi Nagar guideline value

The current guideline value of Jeyalakshmi Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Jeyalakshmi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This was followed by a significant decrease to Rs 1,206 per sq.ft in the 2017 revision. The value then increased to Rs 1,800 per sq.ft in the 2023 revision, before rising again to the current rate of Rs 1,900 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 6% in the guideline value.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, which is equal to the current guideline value of Jeyalakshmi Nagar.

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

Stamp duty and registration fee for property in Jeyalakshmi Nagar

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 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeyalakshmi Nagar?

The Sub Registrar Office that covers Jeyalakshmi 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 details.

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

The guideline value plays a crucial role during the registration of properties in Puthagaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer approaches the registration office, the guideline value is referenced to calculate the applicable fees, ensuring that both parties adhere to the legal requirements of property transactions.

Frequently asked questions

What is the current guideline value of Jeyalakshmi Nagar?

The current guideline value of Jeyalakshmi Nagar 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 seen various changes, with a decrease from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, followed by increases to Rs 1,800 in 2023 and Rs 1,900 in 2024.

What are the guideline values of other streets in Puthagaram?

Other streets in Puthagaram have varying guideline values, with rates ranging from Rs 1,600 to Rs 2,201 per sq.ft. The median value for the area is Rs 1,900 per sq.ft.

What fees are associated with buying property in Jeyalakshmi Nagar?

When purchasing property in Jeyalakshmi Nagar, buyers need to consider stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Jeyalakshmi Nagar is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.