Guideline Value for J A NAGAR S.NO 249/1A1B, 1B1B2 PART

J A Nagar S.No 249/1a1b, 1b1b2 Part guideline value

The current guideline value for J A Nagar S.No 249/1a1b, 1b1b2 Part is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village and falls under the Padappai SRO. The land classification is Residential Special Type - I.

How the guideline value of J A Nagar S.No 249/1a1b, 1b1b2 Part has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the Rs 1,206 per sq.ft recorded in the 2017 revision. The value remained at Rs 1,800 per sq.ft in 2012 and saw a significant increase of 49% to Rs 1,800 per sq.ft in 2023.

With the latest 2024 revision, the guideline value increased by 10% to Rs 1,980 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO with 2024 guideline values ranging from Rs 880 to Rs 4,100 per sq.ft. The median value is Rs 1,650 per sq.ft, positioning J A Nagar S.No 249/1a1b, 1b1b2 Part above this median.

• Janakpurai Nagar: Rs 990 per sq.ft (2024)
• Jashmine Nagar: Rs 1,100 per sq.ft (2024)
• Jagadeeswari Nagar: Rs 1,650 per sq.ft (2024)
• Ishwaryam Garden: Rs 1,320 per sq.ft (2024)
• Joshia Nagar: Rs 1,320 per sq.ft (2024)
• Hitech City Phase I and II: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in J A Nagar S.No 249/1a1b, 1b1b2 Part

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J A Nagar S.No 249/1a1b, 1b1b2 Part?

The Sub Registrar Office covering J A Nagar S.No 249/1a1b, 1b1b2 Part is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Varadarajapuram. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that transactions are conducted transparently and fairly.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of J A Nagar S.No 249/1a1b, 1b1b2 Part?

The current guideline value of J A Nagar S.No 249/1a1b, 1b1b2 Part is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, with various revisions in between, including an increase of 10% from 2023 to 2024.

What are the stamp duty and registration fees for property in J A Nagar?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for J A Nagar?

The Padappai Sub Registrar Office handles registrations for J A Nagar S.No 249/1a1b, 1b1b2 Part, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of J A Nagar S.No 249/1a1b, 1b1b2 Part?

The land classification for J A Nagar S.No 249/1a1b, 1b1b2 Part is Residential Special Type - I.