Guideline Value for SRI JEYALAKSHMI NAGAR

Sri Jeyalakshmi Nagar guideline value

The current guideline value of Sri Jeyalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Agaram village, under the Perambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Jeyalakshmi Nagar has changed

The guideline value for Sri Jeyalakshmi Nagar has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 250 per sq.ft, which was also the figure for the 2024 revision, reflecting a change of +0% from the previous year.

In summary, the guideline value for Sri Jeyalakshmi Nagar has remained consistent at Rs 250 per sq.ft since the 2023 revision, with no changes recorded in the earlier years mentioned.

Guideline values in Agaram

Within Agaram village, three streets under the Perambakkam SRO have a 2024 guideline value, ranging from Rs 134 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making Sri Jeyalakshmi Nagar's guideline value equal to this median.

• Nova City: Rs 134 per sq.ft (2024)
• Sun City: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jeyalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty, charged at 7%, would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000. Together, the total fees would be Rs 22,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Jeyalakshmi Nagar?

The Sub Registrar Office that covers Sri Jeyalakshmi Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Agaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the fees reflect the official valuation of the property.

When buying or selling property in Sri Jeyalakshmi Nagar, the guideline value is referenced to calculate the applicable charges. Buyers should be aware that the final amount for stamp duty and registration fees will depend on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sri Jeyalakshmi Nagar?

The current guideline value of Sri Jeyalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Jeyalakshmi Nagar has remained at Rs 250 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Agaram?

In Agaram, the guideline values for other streets are Rs 134 per sq.ft for Nova City and Rs 300 per sq.ft for Sun City, with Sri Jeyalakshmi Nagar's value matching the median of Rs 250 per sq.ft.

What fees are applicable when registering property in Sri Jeyalakshmi Nagar?

When registering property in Sri Jeyalakshmi Nagar, the stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Sri Jeyalakshmi Nagar located?

The Sub Registrar Office for Sri Jeyalakshmi Nagar is located at Jothi Ramalinga Nagar, near Post Office, Perambakkam, 631402, Chennai registration zone.