Guideline Value for J J NAGAR

J J Nagar guideline value

The current guideline value of J J Nagar is Rs 200 per sq.ft, effective from the 2024 revision. This area is located in Pulikoradu village and falls under the Madurandakam SRO, with a land classification of Mixed Type - I.

How the guideline value of J J Nagar has changed

The guideline value for J J Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 30 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, this figure remained unchanged until the next revision in 2017, where it was adjusted to Rs 134 per sq.ft. The 2023 revision maintained the value at Rs 200 per sq.ft, and this will continue into the 2024 revision.

From 2017 to 2023, there was an increase of 49%. The value saw a remarkable increase of 567% from 2007 to 2012, but then a decrease of 33% occurred from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 567%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pulikoradu

In addition to J J Nagar, there are other streets in Pulikoradu under the Madurandakam SRO. The guideline value for these streets varies, with J J Nagar currently at Rs 200 per sq.ft. Below are the guideline values for other streets in Pulikoradu:

• Valarmathi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in J J Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the 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 J J Nagar?

The Sub Registrar Office that covers J J Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value is referenced to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of J J Nagar?

The current guideline value of J J Nagar is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft, while it was Rs 134 per sq.ft in 2017.

What is the stamp duty for property in J J Nagar?

The stamp duty for property in J J Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Madurandakam SRO located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

Are there other streets in Pulikoradu with different guideline values?

Yes, other streets in Pulikoradu have different guideline values. For instance, Valarmathi Nagar has a guideline value of Rs 100 per sq.ft as of 2024.