Guideline Value for Jeyam Nagar

Jeyam Nagar guideline value

The current guideline value of Jeyam Nagar, located in Eraiyur village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Jeyam Nagar has changed

Since the 2012 revision, the guideline value for Jeyam Nagar has seen a few changes. In 2012, the guideline value was Rs 200 per sq.ft, which remained unchanged in the 2017 revision at Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49% to Rs 200 per sq.ft. The current 2024 revision maintains this rate, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Jeyam Nagar. Overall, comparing the 2012 and 2024 revisions, the guideline value shows no change, remaining at Rs 200 per sq.ft.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO with a guideline value for 2024 ranging from Rs 100 to Rs 471 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the guideline value for Jeyam Nagar.

• Isvariyam Avenue: Rs 200 per sq.ft (2024)
• Inbambigai Nagar: Rs 200 per sq.ft (2024)
• Green Hoilday Resorts: Rs 300 per sq.ft (2024)
• Krishnammal Nagar: Rs 200 per sq.ft (2024)
• Ezhil Nagar Extn: Rs 200 per sq.ft (2024)
• Ezhil Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jeyam Nagar?

The Jeyam Nagar area is covered by 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 Eraiyur

The guideline value is a crucial factor when buying or selling property in Eraiyur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This value is used to calculate the stamp duty and registration fees applicable to the property transaction.

When you register a property, the guideline value is compared against the sale price of the property. The higher of the two values will be used to determine the applicable stamp duty and registration fees, ensuring that the transaction is aligned with the prescribed rates.

Frequently asked questions

What is the current guideline value of Jeyam Nagar?

The current guideline value of Jeyam Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023.

What is the land classification for Jeyam Nagar?

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

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

The Sub Registrar Office covering Jeyam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Jeyam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.