Guideline Value for J.C. Nagar

J.C. Nagar guideline value

The current guideline value of J.C. Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

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

Over the years, the guideline value of J.C. Nagar has seen several revisions. The 2007 revision set the value at Rs 750 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, in the 2017 revision, the guideline value dropped to Rs 804 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase to Rs 1,200 per sq.ft, representing a rise of 49% from the previous revision.

When considering the overall changes from 2007 to 2023, the guideline value has increased by 60%. Notably, there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. J.C. Nagar is one of the streets in this area, and it is important to note that there are no other streets in Urapakkam listed under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total charges would be Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.C. Nagar?

The Sub Registrar Office that covers J.C. Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Urapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential to be aware that the guideline value may differ from the actual sale price of the property. In such cases, the higher value between the guideline value and the sale price will be considered for calculating the applicable duties.

Frequently asked questions

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

The current guideline value of J.C. Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally increased back to Rs 1,200 per sq.ft in 2023.

What is the registration office for J.C. Nagar?

The registration office that covers J.C. Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in J.C. Nagar?

Stamp duty in J.C. Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 12,00,000.

Are there any other streets in Urapakkam?

Currently, there are no other streets in Urapakkam listed under the Gooduvancheri SRO. J.C. Nagar is the only street mentioned.