Guideline Value for Jeyaram Nagar

Jeyaram Nagar guideline value

The current guideline value of Jeyaram Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Jeyaram Nagar has changed

The guideline value for Jeyaram Nagar has seen several revisions over the years. In 2002, the value was set at Rs 70 per sq.ft, which increased to Rs 328 per sq.ft in 2007. This was a significant rise of 369%. The value then jumped to Rs 1,500 per sq.ft in 2012, marking an increase of 357%. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. From 2017 to 2023, the value rose to Rs 1,500 per sq.ft, a notable increase of 49%. The current value of Rs 1,500 per sq.ft remains unchanged from the 2023 revision to the 2024 revision.

It is important to note that there is no figure available for Jeyaram Nagar in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by 2043%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current value of Jeyaram Nagar.

• Jeyalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Jesuraja Nagar Extn: Rs 1,000 per sq.ft (2024)
• Jesuraja Nagar: Rs 1,000 per sq.ft (2024)
• Jegadesh Nagar: Rs 1,000 per sq.ft (2024)
• Jayasundar Avenue: Rs 1,000 per sq.ft (2024)
• Janak Pushpa Shanthi Nagar: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeyaram Nagar?

The Jeyaram Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government collects appropriate stamp duty and registration fees based on the guideline value.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Jeyaram Nagar?

The current guideline value of Jeyaram Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 70 per sq.ft in 2002 and reaching Rs 1,500 per sq.ft in 2024, which is an overall increase of 2043% since 2002.

What is the registration office for Jeyaram Nagar?

The registration office for Jeyaram Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,35,000 in fees.

Where can I find more information about stamp duty and registration fees?

For more information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.