Guideline Value for Jeyam Nagar

Jeyam Nagar guideline value

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

How the guideline value of Jeyam Nagar has changed

The guideline value for Jeyam Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 200 per sq.ft. In 2017, it decreased to Rs 134 per sq.ft, marking a significant drop of 33%. However, by 2023, the value increased to Rs 200 per sq.ft again, representing a 49% rise since 2017. The most recent revision in 2024 maintains this figure at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 150 to Rs 1,100 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Jeyam Nagar is below this median.

• Jaisakthi Nagar: Rs 300 per sq.ft (2024)
• Kamaraj Nagar: Rs 300 per sq.ft (2024)
• Kamaraj Nagar Extn: Rs 300 per sq.ft (2024)
• Kishta Baghavan Street: Rs 200 per sq.ft (2024)
• Dr.Chandra City: Rs 450 per sq.ft (2024)
• Main Road: Rs 610 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 Navaloor

The guideline value is a critical factor during property registration in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. This value is established by the Registration Department and is subject to periodic revisions.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Navaloor?

Other streets in Navaloor have varying guideline values, with rates ranging from Rs 150 to Rs 1,100 per sq.ft. The median value for these streets is Rs 300 per sq.ft.

What is the stamp duty rate in Jeyam Nagar?

The stamp duty rate in Jeyam Nagar is 7% of the guideline value or the sale price, whichever is higher.

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.