Guideline Value for J.B. NAGAR

J.B. Nagar guideline value

The current guideline value for J.B. Nagar is Rs 700 per sq.ft. This area is located in Perumalpattu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

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

There have been several revisions to the guideline value for J.B. Nagar over the years. The most recent revision in 2023 set the guideline value at Rs 700 per sq.ft. The register does not have figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2023 revision, there have been no changes to the guideline value. The previous revisions listed in the register do not provide any figures for this street, indicating a lack of recorded values for those years.

Guideline values in Perumalpattu

No specific village figures are provided for Perumalpattu. Currently, J.B. Nagar's guideline value stands at Rs 700 per sq.ft. There are no other streets in Perumalpattu under the Tiruvallur Joint 1 SRO listed in the provided information.

Stamp duty and registration fee for property in J.B. Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 details.

Which Sub Registrar Office covers J.B. Nagar?

The Sub Registrar Office that covers J.B. Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in J.B. Nagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. Buyers should be aware that the charges are based on the higher of the guideline value or the actual sale price, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

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

The current guideline value of J.B. Nagar is Rs 700 per sq.ft, as per the 2023 revision.

Which Sub Registrar Office covers J.B. Nagar?

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

Are there any changes to the guideline value in recent years?

The guideline value for J.B. Nagar has not changed since the 2023 revision, which is currently set at Rs 700 per sq.ft. The register does not have figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

How is stamp duty calculated for property in J.B. Nagar?

Stamp duty for property in J.B. Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 63,000 in duties and fees.

What land classification does J.B. Nagar fall under?

J.B. Nagar is classified as Residential Class I Type - III, indicating its designation for residential use.