Guideline Value for Jeyaparvthy Nagar

Jeyaparvthy Nagar guideline value

The current guideline value of Jeyaparvthy Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Residential Class I Type - III.

How the guideline value of Jeyaparvthy Nagar has changed

The guideline value for Jeyaparvthy Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,600 per sq.ft. The latest revision in 2024 has further increased the value to Rs 1,700 per sq.ft, marking a 6% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, indicating that Jeyaparvthy Nagar's 2024 figure of Rs 1,700 per sq.ft is below this median.

• Jeyalakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Jayaram Nager: Rs 1,900 per sq.ft (2024)
• Jaya Nagar: Rs 1,600 per sq.ft (2024)
• Kaddappa Road: Rs 2,201 per sq.ft (2024)
• Janagiram Nagar: Rs 1,600 per sq.ft (2024)
• Jagadees nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyaparvthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeyaparvthy Nagar?

The Sub Registrar Office that covers Jeyaparvthy Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puthagaram. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when a property transaction occurs.

Frequently asked questions

What is the current guideline value of Jeyaparvthy Nagar?

The current guideline value of Jeyaparvthy Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value of Jeyaparvthy Nagar has fluctuated, starting at Rs 1,600 per sq.ft in 2012, dropping to Rs 1,072 per sq.ft in 2017, and then rising to Rs 1,600 per sq.ft in 2023, before reaching Rs 1,700 per sq.ft in 2024.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office is responsible for Jeyaparvthy Nagar?

The Ambattur Sub Registrar Office is responsible for Jeyaparvthy Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as the minimum price for registration, ensuring that the transaction reflects the official rates set by the government.