Guideline Value for J A NAGAR

J A Nagar guideline value

The current guideline value of J A Nagar, located in Karumarapakkam village under the Thirukazhukundram SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of J A Nagar has changed

Since the register has no figure for J A Nagar for the years 2002, 2003, 2007, 2012, and 2017, we can only consider the revisions from 2023 and 2024. In the 2023 revision, the guideline value was set at Rs 150 per sq.ft, and it remained unchanged in the 2024 revision, indicating a 0% change between these two years.

Both the 2023 and 2024 revisions show a consistent guideline value of Rs 150 per sq.ft for J A Nagar. This stability reflects the same rate as the median for other streets in Karumarapakkam for the 2024 revision, which ranges from Rs 120 to Rs 500 per sq.ft.

Guideline values in Karumarapakkam

In Karumarapakkam, there are 8 streets under the Thirukazhukundram SRO that carry a 2024 guideline value. The median for these streets is Rs 150 per sq.ft, which is equal to the guideline value for J A Nagar. The other streets in Karumarapakkam with their respective guideline values are as follows:

• Srm Ruksun: Rs 150 per sq.ft (2024)
• Eden Garden: Rs 130 per sq.ft (2024)
• Fathima Avenue: Rs 130 per sq.ft (2024)
• Gurusanthi Vijay G Nagar Phase -II: Rs 150 per sq.ft (2024)
• Sri Balaji Nagar: Rs 120 per sq.ft (2024)
• Srm Ruksn: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in J A Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees together Rs 13,500. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers J A Nagar?

The J A Nagar area falls under the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karumarapakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in accordance with government regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of J A Nagar?

The current guideline value of J A Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 150 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for J A Nagar?

J A Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty rates for property in J A Nagar?

The stamp duty for property in J A Nagar is set at 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where can I find the Sub Registrar Office for J A Nagar?

The Thirukazhukundram Sub Registrar Office covers J A Nagar and is located at Thiruchengode - 637 211, Chengalpattu registration zone.