Guideline Value for J. J.NAGAR

J. J.Nagar guideline value

The current guideline value of J. J.Nagar, located in Thirupachur village under the Tiruvallur Joint 1 SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of J. J.Nagar has changed

Over the years, the guideline value of J. J.Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The next revision in 2024 continued this trend, maintaining the value at Rs 400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

In contrast, the guideline value experienced a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% rise. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 400 per sq.ft.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median of Rs 550 per sq.ft. The guideline value of J. J.Nagar is below this median.

• Kadai street: Rs 1,000 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)
• Kottai Colony: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Manthoppu street: Rs 550 per sq.ft (2024)
• Chandu street: Rs 550 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 guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that 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 information.

Which Sub Registrar Office covers J. J.Nagar?

The Sub Registrar Office that covers J. J.Nagar 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 details.

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

The guideline value is an essential factor during the registration of property transactions in Thirupachur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. This process helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of J. J.Nagar?

The current guideline value of J. J.Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of J. J.Nagar has remained at Rs 400 per sq.ft from 2012 to 2024, with significant changes occurring from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification of J. J.Nagar?

J. J.Nagar falls under the Residential Class III Type - I land classification, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in J. J.Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total fees would amount to Rs 36,000.

Which Sub Registrar Office covers J. J.Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers J. J.Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.