Guideline Value for J.H.NAGAR PART-1

J.H.Nagar Part-1 guideline value

The current guideline value of J.H.Nagar Part-1 is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village under the Redhills SRO, with a land classification of Residential Special Type - I.

How the guideline value of J.H.Nagar Part-1 has changed

Since the 2002 revision, the register has no figure for J.H.Nagar Part-1 until the 2017 revision, which set the guideline value at Rs 800 per sq.ft. The same value was maintained in the 2023 revision and continues into the 2024 revision, indicating no change in the guideline value over these years.

From 2017 to 2024, the guideline value remains at Rs 800 per sq.ft, showing a consistent rate with no percentage increase. The revisions for the years 2003, 2007, and 2012 also have no figures recorded for this street.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft, with a median value of Rs 440 per sq.ft. J.H.Nagar Part-1's 2024 figure of Rs 800 per sq.ft is above this median.

• J.H.NAGAR Part -2: Rs 800 per sq.ft (2024)
• J.H.NAGAR Part -3: Rs 800 per sq.ft (2024)
• J.H.Nagar Part-4: Rs 800 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 330 per sq.ft (2024)
• Gomathiamman Nagar Annex - XII: Rs 275 per sq.ft (2024)
• Gomathi Amman Nagar Annex - VII: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in J.H.Nagar Part-1

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers J.H.Nagar Part-1?

The Sub Registrar Office covering J.H.Nagar Part-1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Atthivakkam, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of the guideline value to ensure proper compliance during registration.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for J.H.Nagar Part-1?

The current guideline value for J.H.Nagar Part-1 is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J.H.Nagar Part-1 has remained constant at Rs 800 per sq.ft since the 2017 revision, with no changes recorded in subsequent revisions up to 2024.

What is the land classification for J.H.Nagar Part-1?

J.H.Nagar Part-1 is classified as Residential Special Type - I, indicating its designation for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in J.H.Nagar Part-1 is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for J.H.Nagar Part-1?

The Sub Registrar Office for J.H.Nagar Part-1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.