Guideline Value for J.B.J. Jacob Nagar

J.B.J. Jacob Nagar guideline value

The current guideline value for J.B.J. Jacob Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Kodithandalam village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

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

The guideline value for J.B.J. Jacob Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 35 per sq.ft, which increased significantly to Rs 150 per sq.ft in 2012. However, it dropped to Rs 100 per sq.ft in 2017. The most recent revisions, in 2023 and 2024, have maintained the guideline value at Rs 150 per sq.ft, indicating no change between these two years.

From 2017 to 2023, the guideline value increased by 50%. The substantial rise from 2007 to 2012 was 329%, and the overall increase from 2007 to 2024 stands at 329%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Kodithandalam

In Kodithandalam, there are four streets under the Madurandakam SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 426 per sq.ft. The median guideline value for the village is Rs 150 per sq.ft, which is equal to the current value for J.B.J. Jacob Nagar.

• K.V. Nagar: Rs 150 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 150 per sq.ft (2024)
• Vsr Nagar: Rs 426 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.B.J. Jacob Nagar?

The Sub Registrar Office covering J.B.J. Jacob Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of J.B.J. Jacob Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then dropped to Rs 100 per sq.ft in 2017, and has remained at Rs 150 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kodithandalam?

The median guideline value in Kodithandalam is Rs 150 per sq.ft, which is the same as the guideline value for J.B.J. Jacob Nagar.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,50,000 in J.B.J. Jacob Nagar, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for J.B.J. Jacob Nagar located?

The Sub Registrar Office for J.B.J. Jacob Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.