Guideline Value for J V C SAMUVEL NAGAR

J V C Samuvel Nagar guideline value

The current guideline value of J V C Samuvel Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Nedunkumdram village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of J V C Samuvel Nagar has changed

The guideline value for J V C Samuvel Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 400 per sq.ft. In 2017, the value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 440 per sq.ft, a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for J V C Samuvel Nagar. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the local real estate landscape.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing J V C Samuvel Nagar's 2024 figure below this median.

• Jssr Sai Krupa Nagar: Rs 3,300 per sq.ft (2024)
• J.J.S Garden Phase II: Rs 3,300 per sq.ft (2024)
• J.J.S Garden: Rs 2,200 per sq.ft (2024)
• J.J.S 2nd Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S 1st Avenue: Rs 3,960 per sq.ft (2024)
• Jayaram Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in J V C Samuvel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J V C Samuvel Nagar?

The Sub Registrar Office that covers J V C Samuvel Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential figure used during the registration process of property transactions in Nedunkumdram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is bought or sold, the guideline value helps in determining the applicable charges. It is crucial for buyers to understand this value as it can significantly impact the overall cost of property transactions.

Frequently asked questions

What is the current guideline value of J V C Samuvel Nagar?

The current guideline value of J V C Samuvel Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for J V C Samuvel Nagar?

J V C Samuvel Nagar is classified as Residential Class I Type - II. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for J V C Samuvel Nagar?

The Sub Registrar Office for J V C Samuvel Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.

How is the stamp duty calculated for properties in J V C Samuvel Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.