Guideline Value for J.H. NAGAR ANNEX

J.H. Nagar Annex guideline value

The current guideline value of J.H. Nagar Annex is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Velapakkam village, which falls under the Arani_Tiruvallur SRO. The land classification for this street is Residential Class II Type - I.

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

The guideline value for J.H. Nagar Annex has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the guideline value at Rs 167 per sq.ft. This figure remained unchanged until the 2023 revision, where it was again recorded at Rs 250 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%. The most recent revision in 2024 maintained the value at Rs 250 per sq.ft, resulting in no percentage change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Velapakkam

In Velapakkam, there are three streets under the Arani_Tiruvallur SRO that carry a guideline value for 2024, ranging from Rs 120 to Rs 250 per sq.ft. The median guideline value for these streets is Rs 120 per sq.ft, making J.H. Nagar Annex's 2024 figure above that median.

• Sri City: Rs 120 per sq.ft (2024)
• Subash Nagar: Rs 120 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 guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000. Together, the total cost for these fees would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers 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, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Velapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations. It is advisable to check the latest guideline values before proceeding with any property transactions to avoid any unexpected costs during registration.

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 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024, reflecting a 50% increase from 2017 to 2024.

Are there any years without recorded figures for J.H. Nagar Annex?

Yes, there are no recorded figures for J.H. Nagar Annex in the years 2002, 2003, 2007, and 2012.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total stamp duty and registration fee would amount to Rs 22,500.

Where can I find the Sub Registrar Office for J.H. Nagar Annex?

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