Guideline Value for J.D. Nagar

J.D. Nagar guideline value

The current guideline value of J.D. Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village and falls under the Kunrathur SRO with a land classification of Residential Class I Type - II.

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

In the 2012 revision, the guideline value was set at Rs 1,400 per sq.ft. This figure then decreased to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. The value rose significantly to Rs 1,400 per sq.ft in the 2023 revision, and then increased to Rs 1,540 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2024, the overall change in guideline value is +10%. The increase from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023 represents a substantial rise of 49%.

Guideline values in Chennerkuppam

In Chennerkuppam village, there are 74 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current value for J.D. Nagar.

• Jayasali Nagar: Rs 1,430 per sq.ft (2024)
• Jeevan Prekash Nagar: Rs 1,430 per sq.ft (2024)
• Kamarajar Veethi: Rs 1,100 per sq.ft (2024)
• Gangai Amman Nagar: Rs 1,430 per sq.ft (2024)
• D.R.R. Nagar: Rs 1,100 per sq.ft (2024)
• Kuppuswamy Nagar: Rs 1,540 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost to Rs 1,38,600. 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 detailed calculations.

Which Sub Registrar Office covers J.D. Nagar?

J.D. Nagar is covered by the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Chennerkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This helps in maintaining a standardized approach to property transactions within the region.

Frequently asked questions

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

The current guideline value of J.D. Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 1,400 per sq.ft in 2012, decreased to Rs 938 per sq.ft in 2017, increased to Rs 1,400 per sq.ft in 2023, and finally set at Rs 1,540 per sq.ft in 2024.

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

J.D. Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 15,40,000, the total fees would be Rs 1,38,600.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all property registrations in the area.