Guideline Value for Jeyandra Nagar

Jeyandra Nagar guideline value

The current guideline value of Jeyandra Nagar, located in Kannanthangal village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as a New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Jeyandra Nagar has changed

Over the years, the guideline value of Jeyandra Nagar has seen several revisions. The earliest recorded figure is from 2007, which was Rs 40 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2012, marking a 400% increase. However, the value then dropped to Rs 134 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The overall change from 2007 to 2024 is a remarkable 400% increase.

For the years 2002 and 2003, the register does not have any figures for Jeyandra Nagar. The 2017 revision was the last significant change before the guideline value stabilized at Rs 200 per sq.ft in the subsequent revisions.

Guideline values in Kannanthangal

In Kannanthangal village, there are 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 110 per sq.ft. Jeyandra Nagar's 2024 guideline value of Rs 200 per sq.ft is above this median.

• Jesus Garden: Rs 200 per sq.ft (2024)
• Jemi Kannanthangal New Town: Rs 250 per sq.ft (2024)
• Kamaraj Street: Rs 110 per sq.ft (2024)
• Kambar Street: Rs 110 per sq.ft (2024)
• Gangaiymman Koil Street: Rs 110 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyandra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total 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 Jeyandra Nagar?

The Sub Registrar Office that covers Jeyandra 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 Kannanthangal

The guideline value plays a crucial role during the registration of property transactions in Kannanthangal. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory for any property transfer. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being registered.

Frequently asked questions

What is the current guideline value of Jeyandra Nagar?

The current guideline value of Jeyandra 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 significantly, from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then dropping to Rs 134 per sq.ft in 2017. It has remained at Rs 200 per sq.ft since 2023.

What is the median guideline value in Kannanthangal?

The median guideline value in Kannanthangal is Rs 110 per sq.ft, with Jeyandra Nagar's value being above this median at Rs 200 per sq.ft.

What are the stamp duty rates for property in Jeyandra Nagar?

The stamp duty rate for property in Jeyandra Nagar is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

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

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