Guideline Value for Jeyam Nagar

Jeyam Nagar guideline value

The current guideline value of Jeyam Nagar, located in Valayaputhoor village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Jeyam Nagar has changed

The guideline value for Jeyam Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 15 per sq.ft. It increased to Rs 50 per sq.ft in 2012, followed by a significant rise to Rs 33 per sq.ft in 2017. The value remained the same at Rs 100 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, the guideline value saw a remarkable increase of 203%. However, there was a decrease of 34% from 2012 to 2017. The jump from 2007 to 2012 was substantial at 233%. Overall, from 2007 to 2024, the guideline value has increased by 567%.

Guideline values in Valayaputhoor

In Valayaputhoor, four streets have a guideline value for 2024 ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 103 per sq.ft. Jeyam Nagar's 2024 figure of Rs 100 per sq.ft is below this median.

• Ecopolis: Rs 103 per sq.ft (2024)
• Saranalaya Nagar Phase-I: Rs 150 per sq.ft (2024)
• Tristar Garden: Rs 103 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jeyam Nagar?

The Sub Registrar Office that covers Jeyam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is crucial during property transactions as it determines the stamp duty and registration fees applicable to the property. Buyers and sellers must consider the guideline value when finalizing the sale price, as the duty is charged on the higher of the guideline value or the sale price.

When registering a property in Valayaputhoor, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jeyam Nagar?

The current guideline value of Jeyam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 15 per sq.ft in 2007, increasing to Rs 50 per sq.ft in 2012, then Rs 33 per sq.ft in 2017, and remaining at Rs 100 per sq.ft in both 2023 and 2024.

What are the other streets in Valayaputhoor and their guideline values?

Other streets in Valayaputhoor include Ecopolis at Rs 103 per sq.ft, Saranalaya Nagar Phase-I at Rs 150 per sq.ft, and Tristar Garden at Rs 103 per sq.ft for 2024.

What are the stamp duty and registration fees for property in Jeyam Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Jeyam Nagar?

The Madurandakam Sub Registrar Office handles property registration for Jeyam Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.