Guideline Value for Dr. J.J. Nagar

Dr. J.J. Nagar guideline value

The current guideline value of Dr. J.J. Nagar, located in Sevilimadu - A village under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Dr. J.J. Nagar has changed

The guideline value for Dr. J.J. Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has raised this value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. The revisions show a consistent upward trend, with a 49% increase observed between the 2017 and 2023 revisions.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which matches the current value for Dr. J.J. Nagar.

• Ellappa Nagar: Rs 1,100 per sq.ft (2024)
• Chinna Kanni Nagar: Rs 875 per sq.ft (2024)
• Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• Chinnaiyan Nagar: Rs 1,100 per sq.ft (2024)
• Brindavan Garden: Rs 1,100 per sq.ft (2024)
• Gem Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. J.J. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr. J.J. Nagar?

The Sub Registrar Office that covers Dr. J.J. Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Sevilimadu - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. J.J. Nagar?

The current guideline value of Dr. J.J. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a 64% increase overall. The value was Rs 1,000 per sq.ft in 2023.

What is the land classification of Dr. J.J. Nagar?

Dr. J.J. Nagar falls under the Residential Class I Type - I land classification.

What are the stamp duty and registration fees for a property in Dr. J.J. Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Dr. J.J. Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Dr. J.J. Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.