Guideline Value for J S NAGAR

J S Nagar guideline value

The current guideline value of J S Nagar, located in Devathanam village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of J S Nagar has changed

The guideline value for J S Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 67 per sq.ft. This value increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision maintained the guideline value at Rs 100 per sq.ft, showing no change from the previous year.

From the 2017 revision to the 2024 revision, there has been an overall increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. J S Nagar's 2024 figure aligns with this median.

• Jeremiah City: Rs 111 per sq.ft (2024)
• Imayam Nagar: Rs 111 per sq.ft (2024)
• Karudathiri Nagar: Rs 100 per sq.ft (2024)
• Green City: Rs 100 per sq.ft (2024)
• Gandhi Nagar: Rs 100 per sq.ft (2024)
• Kuberaburi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in J S Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J S Nagar?

The Sub Registrar Office that covers J S Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Devathanam. It serves as a reference point for determining the value of the property for stamp duty and registration fees.

When a property is sold, the guideline value helps in calculating the applicable stamp duty, which is charged based on the higher of the guideline value or the actual sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of J S Nagar?

The current guideline value of J S Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J S Nagar has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Devathanam and their guideline values?

Other streets in Devathanam include Jeremiah City and Imayam Nagar, both at Rs 111 per sq.ft, and several streets like Karudathiri Nagar, Green City, Gandhi Nagar, and Kuberaburi Nagar at Rs 100 per sq.ft in 2024.

How is stamp duty calculated for properties in J S Nagar?

Stamp duty for properties in J S Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000, leading to a stamp duty of Rs 7,000.

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

The Sub Registrar Office covering J S Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO through the provided link.