Guideline Value for Dr.Jayasingh Nagar-I,II

Dr.Jayasingh Nagar-I,II guideline value

The current guideline value for Dr.Jayasingh Nagar-I,II is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Dr.Jayasingh Nagar-I,II has changed

Over the years, the guideline value for Dr.Jayasingh Nagar-I,II has seen several revisions. The 2007 revision set the value at Rs 160 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, the value then decreased to Rs 469 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the guideline value at Rs 700 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the current 2024 value reflects a substantial increase of 338%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns with the current guideline value for Dr.Jayasingh Nagar-I,II.

• Durga Nagar Part - I: Rs 1,050 per sq.ft (2024)
• Durga Nagar Part - II: Rs 1,050 per sq.ft (2024)
• Dhorupathi Amman Nagar: Rs 700 per sq.ft (2024)
• Dhinesh Avenue: Rs 500 per sq.ft (2024)
• Deivanai Nagar: Rs 600 per sq.ft (2024)
• Ganapathi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Jayasingh Nagar-I,II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Jayasingh Nagar-I,II?

The Sub Registrar Office that covers Dr.Jayasingh Nagar-I,II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and 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 Dr.Jayasingh Nagar-I,II?

The current guideline value of Dr.Jayasingh Nagar-I,II is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 160 per sq.ft in 2007, rising to Rs 700 per sq.ft in 2012, then decreasing to Rs 469 per sq.ft in 2017, and remaining at Rs 700 per sq.ft in both 2023 and 2024.

What is the land classification for Dr.Jayasingh Nagar-I,II?

The land classification for Dr.Jayasingh Nagar-I,II is Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2%. For example, for a property valued at Rs 7,00,000, the total fees would amount to Rs 63,000.

Where can I find the Sub Registrar Office for Dr.Jayasingh Nagar-I,II?

The Gooduvancheri Sub Registrar Office covers Dr.Jayasingh Nagar-I,II and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.