Guideline Value for jayasri Nagar

jayasri Nagar guideline value

The current guideline value of jayasri Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of jayasri Nagar has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 1,000 per sq.ft. The 2024 revision maintains this rate, resulting in a 49% increase from the 2017 figure to the current value.

There are no figures available for the years 2002, 2003, 2007, and 2012 for jayasri Nagar. Therefore, the changes observed are solely between the 2017, 2023, and 2024 revisions, with no increase from 2023 to 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for jayasri Nagar is above this median.

• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jemi Nagar I: Rs 700 per sq.ft (2024)
• Jemi Nagar II: Rs 700 per sq.ft (2024)
• Jayabutha Vinayakar Nagar: Rs 700 per sq.ft (2024)
• Jashwin Nagar: Rs 1,000 per sq.ft (2024)
• Jagathguru Jeyandrar Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in jayasri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers jayasri Nagar?

The Sub Registrar Office that covers jayasri Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property transaction occurs, the guideline value helps ensure that the sale price reflects the official valuation, which is used for calculating the applicable taxes and fees. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of jayasri Nagar?

The current guideline value of jayasri Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Sriperumbudur A with their guideline values?

Other streets in Sriperumbudur A include Jaya Nagar and Jashwin Nagar, both valued at Rs 1,000 per sq.ft, while Jemi Nagar I, Jemi Nagar II, Jayabutha Vinayakar Nagar, and Jagathguru Jeyandrar Nagar are valued at Rs 700 per sq.ft as of 2024.

Where is the Sub Registrar Office for jayasri Nagar located?

The Sub Registrar Office for jayasri Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property transactions in jayasri Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.