Guideline Value for J.H.NAGAR PART-4

J.H.Nagar Part-4 guideline value

The current guideline value for J.H.Nagar Part-4 is Rs 800 per sq.ft. This area is located in Atthivakkam village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of J.H.Nagar Part-4 has changed

Since the 2017 revision, the guideline value for J.H.Nagar Part-4 has remained constant at Rs 800 per sq.ft through the 2023 and 2024 revisions. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, and from 2023 to 2024, the guideline value saw no changes, maintaining the rate of Rs 800 per sq.ft throughout these revisions. Overall, from 2017 to 2024, the guideline value has not changed, remaining at Rs 800 per sq.ft.

Guideline values in Atthivakkam

In Atthivakkam village, 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. The guideline value for J.H.Nagar Part-4 is above this median.

• J.H.NAGAR Part -3: Rs 800 per sq.ft (2024)
• J.H.NAGAR Part -2: Rs 800 per sq.ft (2024)
• J.H.Nagar Part-1: 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-4

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total 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, making the total cost for these fees Rs 72,000. Please 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 further calculations.

Which Sub Registrar Office covers J.H.Nagar Part-4?

The Sub Registrar Office that covers J.H.Nagar Part-4 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 is a critical factor when registering property transactions in Atthivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark, and the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that all transactions are recorded fairly and transparently.

Frequently asked questions

What is the current guideline value for J.H.Nagar Part-4?

The current guideline value for J.H.Nagar Part-4 is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value for J.H.Nagar Part-4 has remained unchanged at Rs 800 per sq.ft through the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for J.H.Nagar Part-4?

J.H.Nagar Part-4 is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What is the registration office for properties in J.H.Nagar Part-4?

The registration office for properties in J.H.Nagar Part-4 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in J.H.Nagar Part-4?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the stamp duty would amount to Rs 56,000.