Guideline Value for J.H. NAGAR ANNEX

J.H. Nagar Annex guideline value

The current guideline value of J.H. Nagar Annex is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Periyapalayam village, under the Arani_Tiruvallur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of J.H. Nagar Annex has changed

The guideline value for J.H. Nagar Annex has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, indicating a significant change in the value of this property over the years.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 160 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing J.H. Nagar Annex above this median.

• Kakkanji Nagar: Rs 160 per sq.ft (2024)
• Kalaignar Nagar: Rs 300 per sq.ft (2024)
• Kannappar Nagar: Rs 160 per sq.ft (2024)
• Kannappar Street: Rs 600 per sq.ft (2024)
• Kavarai Street: Rs 600 per sq.ft (2024)
• Eswaran Koil Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in J.H. Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.H. Nagar Annex?

The J.H. Nagar Annex is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Periyapalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to determine the minimum value on which stamp duty is calculated. This means that the guideline value or the sale price, whichever is higher, will be the basis for these fees.

Frequently asked questions

What is the current guideline value of J.H. Nagar Annex?

The current guideline value of J.H. Nagar Annex is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 402 per sq.ft to Rs 600 per sq.ft in 2024, marking a 49% increase over this period.

What is the registration office for J.H. Nagar Annex?

The registration office for J.H. Nagar Annex is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What are the stamp duty and registration fees for property in J.H. Nagar Annex?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Where can I find more information about guideline values in Periyapalayam?

For more information about guideline values in Periyapalayam, you can refer to the registration department's guideline value register or consult the local Sub Registrar Office.