Guideline Value for Sri Jayaram Nagar

Sri Jayaram Nagar guideline value

The current guideline value of Sri Jayaram Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of Sri Jayaram Nagar has changed

The guideline value for Sri Jayaram Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This value increased significantly by 300% to Rs 4,000 per sq.ft in the 2012 revision. The next revision, effective from 1 July 2024, saw another increase of 10%, bringing the current guideline value to Rs 4,400 per sq.ft.

There are no registered figures for the years 2002, 2003, 2017, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%.

Guideline values in Kolathur

In Kolathur, the 2024 guideline values for 879 streets under the Sembiam SRO range from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Sri Jayaram Nagar's 2024 guideline value is above this median.

• Sri Ganesh Nagar: Rs 4,400 per sq.ft (2024)
• Sri Krishna Nagar: Rs 4,400 per sq.ft (2024)
• Sri Lakshmi Avenue / Colony: Rs 2,700 per sq.ft (2024)
• Sri Manigandan Nagar: Rs 2,700 per sq.ft (2024)
• Sri Nagar Colony 1st Street: Rs 3,300 per sq.ft (2024)
• Sri Nagar Colony 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jayaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Jayaram Nagar?

The Sub Registrar Office that covers Sri Jayaram Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Jayaram Nagar?

The current guideline value of Sri Jayaram Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 340%.

Are there any years with no registered guideline value for Sri Jayaram Nagar?

Yes, there are no registered figures for Sri Jayaram Nagar for the years 2002, 2003, 2017, and 2023.

What are the stamp duty and registration fees for a property in Sri Jayaram Nagar?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

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

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.