Guideline Value for Jeyanthirer Nagar

Jeyanthirer Nagar guideline value

The current guideline value of Jeyanthirer Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jeyanthirer Nagar has changed

Over the years, the guideline value for Jeyanthirer Nagar has seen several revisions. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which was then reduced to Rs 250 per sq.ft in the 2024 revision, marking a decrease of 17%.

The current figure for 2024 aligns with the median value of Rs 250 per sq.ft for 97 streets in Nemili_B under the Sriperumpudur SRO. This indicates that Jeyanthirer Nagar's guideline value is consistent with the overall valuation trends in the area.

Guideline values in Nemili_B

In Nemili_B, the guideline values range from Rs 150 to Rs 1,500 per sq.ft, with a median of Rs 250 per sq.ft. Jeyanthirer Nagar's 2024 figure is equal to this median. Below are other streets in Nemili_B with their respective guideline values:

• Jemi Park: Rs 200 per sq.ft (2024)
• Johnsirani Street: Rs 150 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Hasiya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyanthirer Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeyanthirer Nagar?

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

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

The guideline value plays a crucial role during property transactions in Nemili_B, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value is used by the registration office to calculate the applicable fees. It ensures that the government receives the correct amount of revenue from property transactions, based on the established values in the area.

Frequently asked questions

What is the current guideline value of Jeyanthirer Nagar?

The current guideline value of Jeyanthirer Nagar is Rs 250 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 250 per sq.ft in 2024, a decrease of 17%. The register has no figure for this street in revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Jeyanthirer Nagar?

Jeyanthirer Nagar is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Jeyanthirer Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

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

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