Guideline Value for Jeyalaxmi Nagar

Jeyalaxmi Nagar guideline value

The current guideline value of Jeyalaxmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Mannoor village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Jeyalaxmi Nagar has changed

The guideline value for Jeyalaxmi Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, the same as in 2023. Prior to that, the 2017 revision set the value at Rs 201 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, showing a decrease of 33% from 2012 to 2017.

There are no figures available for the years 2002, 2003, and 2007 for Jeyalaxmi Nagar. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Mannoor

In Mannoor, there are 56 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, placing Jeyalaxmi Nagar's 2024 figure above this median.

• Jasmine Sri Ganesh Nagar: Rs 500 per sq.ft (2024)
• Indira Nagar: Rs 200 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Highways Nagar: Rs 300 per sq.ft (2024)
• Karthik Nagar: Rs 250 per sq.ft (2024)
• Grand J.V.Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyalaxmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that 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 Jeyalaxmi Nagar?

The Sub Registrar Office that covers Jeyalaxmi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the buyer and seller must refer to the guideline value to ensure that the correct fees are calculated based on the property's value. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jeyalaxmi Nagar?

The current guideline value of Jeyalaxmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Jeyalaxmi Nagar?

Jeyalaxmi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Jeyalaxmi Nagar?

The registration office for Jeyalaxmi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Jeyalaxmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 3,00,000 would incur a stamp duty of Rs 21,000 at a rate of 7%.