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Guideline Value

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Guideline Value for Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St)

₹8800/sq.ft.

The guideline value for Dr.j.j.nagar Phase I (jaswanth Nagar To Vembuliamman Koil St) in 1. Nolambur village (Villivakkam SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

1. Nolambur

Village

Villivakkam

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr.j.j.nagar Phase I (jaswanth Nagar To Vembuliamman Koil St)

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Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St) guideline value

The current guideline value for Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St) is Rs 8,800 per sq.ft, effective from 1 July 2024. This area is located in Nolambur village and falls under the Villivakkam SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St) has changed

The guideline value for Dr.J.J.Nagar Phase I has experienced several revisions over the years. The 2017 revision set the value at Rs 5,360 per sq.ft. This was followed by a significant increase in 2023, where the value rose to Rs 8,000 per sq.ft. The latest revision in 2024 saw another increase, bringing the value to Rs 8,800 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. Dr.J.J.Nagar Phase I's 2024 figure is above this median.

Stamp duty and registration fee for property in Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St)

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St)?

The Sub Registrar Office that covers Dr.J.J.Nagar Phase I is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor in the registration process of property transactions in 1. Nolambur. It determines the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Dr.J.J.Nagar Phase I?

The current guideline value for Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 5,360 per sq.ft in 2017 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Dr.J.J.Nagar Phase I?

The land classification for Dr.J.J.Nagar Phase I is Commercial Class I Type - I.

Where can I find the registration office for Dr.J.J.Nagar Phase I?

The registration office for Dr.J.J.Nagar Phase I is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty rate for properties in Dr.J.J.Nagar Phase I?

The stamp duty rate for properties in Dr.J.J.Nagar Phase I is 7%. This is calculated based on the guideline value or the sale price, whichever is higher.