Guideline Value for J.H.NAGAR Part -2

J.H.NAGAR Part -2 guideline value

The current guideline value of J.H.NAGAR Part -2 is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village under the Redhills SRO, classified as Residential Special Type - I.

How the guideline value of J.H.NAGAR Part -2 has changed

According to the guideline value register, the 2024 revision for J.H.NAGAR Part -2 is Rs 800 per sq.ft. The previous revision in 2023 also recorded the same value of Rs 800 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, maintaining a consistent rate of Rs 800 per sq.ft. The lack of figures for earlier years indicates that there has been no recorded guideline value for those revisions.

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. The guideline value for J.H.NAGAR Part -2 is above this median.

• J.H.Nagar Part-1: 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 -2

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, bringing the total to Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.H.NAGAR Part -2?

The Sub Registrar Office covering J.H.NAGAR Part -2 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 crucial factor when buying or selling property in Atthivakkam, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties, which are based on either the guideline value or the sale price, depending on which is higher. This ensures that the transaction is recorded accurately and fairly in the official registers.

Frequently asked questions

What is the current guideline value for J.H.NAGAR Part -2?

The current guideline value for J.H.NAGAR Part -2 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 -2 has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for J.H.NAGAR Part -2?

J.H.NAGAR Part -2 is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in J.H.NAGAR Part -2?

The stamp duty for property in J.H.NAGAR Part -2 is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for J.H.NAGAR Part -2?

The Sub Registrar Office for J.H.NAGAR Part -2 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.