Guideline Value for Jeyandran Nagar

Jeyandran Nagar guideline value

The current guideline value of Jeyandran Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_C village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Jeyandran Nagar has changed

Over the years, the guideline value for Jeyandran Nagar has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2024, marking a change of +33%.

Prior to the 2023 revision, the last recorded figure was Rs 300 per sq.ft. The 2024 revision aligns with the median guideline value for Vadakal_C, which is also Rs 400 per sq.ft.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. Jeyandran Nagar's 2024 figure matches the median of Rs 400 per sq.ft. The following are other streets in Vadakal_C:

• Jemi Gardens: Rs 550 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Jemi Garden Extension: Rs 550 per sq.ft (2024)
• Kaivalyam Nagar: Rs 550 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyandran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeyandran Nagar?

The Sub Registrar Office that covers Jeyandran Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Vadakal_C. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the Registration Department.

When buying or selling property, the guideline value is referenced to determine the applicable fees, which are calculated on the higher of the guideline value or the actual sale price. This ensures transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Jeyandran Nagar?

The current guideline value of Jeyandran Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is a +33% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

Other streets in Vadakal_C include Jemi Gardens at Rs 550 per sq.ft, Jemi Garden Phase III at Rs 400 per sq.ft, and several others with varying rates. The guideline values for these streets range from Rs 150 to Rs 1,500 per sq.ft.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Jeyandran Nagar located?

The Sub Registrar Office for Jeyandran Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration processes for properties in the area.