Guideline Value for J TOWN

J Town guideline value

The current guideline value of J Town, located in Selai village under the Tiruvallur Joint 1 SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of J Town has changed

The guideline value for J Town has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

As such, there has been no percentage change from 2023 to 2024, reflecting a stable guideline value for this period. The lack of figures in previous revisions indicates that the current value is based on the most recent updates.

Guideline values in Selai

In Selai village, five streets under the Tiruvallur Joint 1 SRO have a guideline value for 2024 ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 500 per sq.ft. J Town's 2024 figure of Rs 800 per sq.ft is above this median.

• K.C.Nagar: Rs 300 per sq.ft (2024)
• A.J.N Avenue: Rs 500 per sq.ft (2024)
• R.P. Nagar: Rs 300 per sq.ft (2024)
• Jsr Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in J Town

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 further calculations.

Which Sub Registrar Office covers J Town?

The Sub Registrar Office covering J Town is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Selai. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Understanding the guideline value helps buyers and sellers navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of J Town?

The current guideline value of J Town is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J Town has remained at Rs 800 per sq.ft for the 2023 and 2024 revisions. There are no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Selai?

Other streets in Selai have varying guideline values for 2024, ranging from Rs 300 to Rs 800 per sq.ft. J Town's value is above the median of Rs 500 per sq.ft for the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 800 per sq.ft would incur a total of Rs 72,000 in fees.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for J Town is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information online.