Guideline Value for Jeyam Nagar

Jeyam Nagar guideline value

The current guideline value of Jeyam Nagar, located in Vedanthangal 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 the 2007 revision, the value was Rs 30 per sq.ft, which increased to Rs 90 per sq.ft in 2012, marking a significant rise of 200%. However, the value then decreased to Rs 60 per sq.ft in 2017, a drop of 33%. The 2023 revision maintained the value at Rs 100 per sq.ft, and the same rate was retained in the 2024 revision, indicating no change.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 233%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Vedanthangal

In Vedanthangal, there are five streets under the Madurandakam SRO that carry a guideline value for 2024 ranging from Rs 100 to Rs 150 per sq.ft. The median for these streets is Rs 150 per sq.ft, placing Jeyam Nagar's 2024 figure below that median.

• Ansar Nagar: Rs 150 per sq.ft (2024)
• Park City: Rs 100 per sq.ft (2024)
• Sri Selvavinayagar Nagar: Rs 150 per sq.ft (2024)
• new Jayam Nagar Part -III: Rs 150 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 amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeyam Nagar?

The Sub Registrar Office covering Jeyam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Vedanthangal. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that the transaction is registered according to the prevailing regulations. Buyers and sellers should always refer to the latest guideline values to ensure compliance with legal requirements.

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 changed from Rs 30 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, showing an overall increase of 233% over the years.

What is the land classification for Jeyam Nagar?

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

Where can I find the registration office for Jeyam Nagar?

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

How is stamp duty calculated for properties in Jeyam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total guideline value of Rs 1,00,000, leading to a stamp duty of Rs 7,000 and a registration fee of Rs 2,000.