Guideline Value for J.C.K. NAGAR

J.C.K. Nagar guideline value

The current guideline value of J.C.K. Nagar, located in Chengalpattu Natham village, is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

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

The guideline value for J.C.K. Nagar has seen several revisions over the years. The earliest recorded value in 2007 was Rs 650 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 208%. However, by 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, representing a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for J.C.K. Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for J.C.K. Nagar.

• Jeevanatham Street: Rs 1,650 per sq.ft (2024)
• Jabar Street: Rs 1,650 per sq.ft (2024)
• Kailasanathar Kovil Street: Rs 2,200 per sq.ft (2024)
• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)
• Kalaivanar N.S.K(Kavarai Street): Rs 2,200 per sq.ft (2024)
• Kalathumettu Street: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers J.C.K. Nagar?

The Sub Registrar Office that covers J.C.K. Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the actual sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of J.C.K. Nagar is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 238% over this period.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office handles registrations for J.C.K. Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for J.C.K. Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

Where can I find more information on guideline values in Chengalpattu Natham?

For more information on guideline values in Chengalpattu Natham, you can refer to the Registration Department's guideline value register available on their official website.