Guideline Value for Grand J.V.Nagar

Grand J.V.Nagar guideline value

The current guideline value of Grand J.V.Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Mixed Type - I land classification.

How the guideline value of Grand J.V.Nagar has changed

Looking back at the revisions, the guideline value for Grand J.V.Nagar was Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The 2017 revision recorded a value of Rs 469 per sq.ft, which reflects a significant increase of 49% from 2017 to 2023. Prior to that, in the 2012 revision, the guideline value was Rs 700 per sq.ft, showing a decrease of 33% to Rs 469 per sq.ft in 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 700 per sq.ft.

Guideline values in Mannoor

In Mannoor, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Grand J.V.Nagar is above this median.

• Highways Nagar: Rs 300 per sq.ft (2024)
• Indira Nagar: Rs 200 per sq.ft (2024)
• Jasmine Sri Ganesh Nagar: Rs 500 per sq.ft (2024)
• Jeyalaxmi Nagar: Rs 300 per sq.ft (2024)
• Dinesh Nagar: Rs 300 per sq.ft (2024)
• Dharani Grand: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Grand J.V.Nagar

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, making the total cost for these fees Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Grand J.V.Nagar?

The Sub Registrar Office that covers Grand J.V.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 Mannoor

The guideline value serves as a benchmark for property transactions in Mannoor. It is used to calculate the stamp duty and registration fees that are required during the registration process, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the total costs involved in the transaction. Accurate knowledge of this value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Grand J.V.Nagar?

The current guideline value of Grand J.V.Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 both recording Rs 700 per sq.ft. The value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Grand J.V.Nagar?

Grand J.V.Nagar falls under the Mixed Type - I land classification, which is significant for determining its use and value.

What are the registration fees for property in Grand J.V.Nagar?

For a property valued at Rs 7,00,000, the stamp duty is Rs 49,000 and the registration fee is Rs 14,000, totaling Rs 63,000.

Where can I find the Sub Registrar Office for Grand J.V.Nagar?

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