Guideline Value for Jeyam Nagar

Jeyam Nagar guideline value

The current guideline value of Jeyam Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Jeyam Nagar has changed

Over the years, the guideline value for Jeyam Nagar has seen several revisions. The earliest recorded value was Rs 20 per sq.ft in 2007. This figure rose significantly to Rs 150 per sq.ft in 2012, remained at Rs 150 per sq.ft in 2023, and continues at the same rate in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2012 to 2017, the guideline value decreased by 33% to Rs 100 per sq.ft. However, it increased by 50% to Rs 150 per sq.ft in the 2023 revision. Overall, from 2007 to 2024, the guideline value has increased by 650%.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making Jeyam Nagar's 2024 figure below this median.

• Jesus Garden: Rs 200 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Jemi Modern City - I: Rs 250 per sq.ft (2024)
• J.J.Nagar 1st Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)
• Jemi Galaxy Nagar: Rs 300 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty is charged at 7%, which equals Rs 10,500, and the registration fee is charged at 2%, amounting to Rs 3,000. Together, the total cost for stamp duty and registration fee is Rs 13,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeyam Nagar?

The Sub Registrar Office that covers Jeyam 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 Kunduperumpedu

The guideline value is a crucial factor when buying or selling property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. The buyer and seller must consider this value to ensure compliance with legal requirements.

When registering a property, the guideline value helps in assessing the official value of the property, which is used to calculate the applicable taxes and fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jeyam Nagar?

The current guideline value of Jeyam Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting an overall increase of 650% over this period.

What is the land classification of Jeyam Nagar?

Jeyam Nagar is classified as Residential Class III Type - I, which indicates its designation for residential use within the area.

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

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

How is stamp duty calculated in Jeyam Nagar?

Stamp duty in Jeyam Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.