Guideline Value for M.S. JAYAM NAGAR

M.S. Jayam Nagar guideline value

The current guideline value of M.S. Jayam Nagar is Rs 130 per sq.ft, effective from 1 July 2024. This street is located in Vengal Kuppam village under the Arani_Tiruvallur SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of M.S. Jayam Nagar has changed

The guideline value for M.S. Jayam Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 130 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 87 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with figures are from 2017, 2023, and 2024.

Guideline values in Vengal Kuppam

In Vengal Kuppam, there are five streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, all set at Rs 130 per sq.ft, with the median also being Rs 130 per sq.ft. M.S. Jayam Nagar's 2024 figure aligns with this median.

• Jayam Nagar: Rs 130 per sq.ft (2024)
• Sriram City: Rs 130 per sq.ft (2024)
• Annai Gomathi Nagar: Rs 130 per sq.ft (2024)
• Anjaa Nagar @ Supreme City: Rs 130 per sq.ft (2024)

Stamp duty and registration fee for property in M.S. Jayam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 130 per sq.ft, the guideline value amounts to Rs 1,30,000. The stamp duty at 7% would be Rs 9,100, and the registration fee at 2% would be Rs 2,600, totaling Rs 11,700. 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 M.S. Jayam Nagar?

The Sub Registrar Office that covers M.S. Jayam Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Vengal Kuppam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of M.S. Jayam Nagar?

The current guideline value of M.S. Jayam Nagar is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 130 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 87 per sq.ft in 2017 to Rs 130 per sq.ft in 2023.

What are the other streets in Vengal Kuppam with the same guideline value?

Other streets in Vengal Kuppam that have the same guideline value of Rs 130 per sq.ft include Sriram City, Annai Gomathi Nagar, and Anjaa Nagar @ Supreme City.

What fees are involved in buying property in M.S. Jayam Nagar?

When buying property in M.S. Jayam Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for M.S. Jayam Nagar?

The Sub Registrar Office for M.S. Jayam Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.