Guideline Value for J.H.NAGAR Part -3

J.H.NAGAR Part -3 guideline value

The current guideline value for J.H.NAGAR Part -3 is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village under the Redhills SRO, and the land classification is Residential Special Type - I.

How the guideline value of J.H.NAGAR Part -3 has changed

According to the register, the guideline value for J.H.NAGAR Part -3 has remained at Rs 800 per sq.ft since the 2023 revision and continues into the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The 2024 revision reflects a change of +0% from the 2023 revision, indicating stability in the guideline value for this street over the past year.

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 -3 is above this median.

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

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 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 more detailed calculations.

Which Sub Registrar Office covers J.H.NAGAR Part -3?

The Sub Registrar Office that covers J.H.NAGAR Part -3 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 reference point during property transactions in Atthivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for J.H.NAGAR Part -3?

The current guideline value for J.H.NAGAR Part -3 is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since the 2023 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for J.H.NAGAR Part -3?

The land classification for J.H.NAGAR Part -3 is Residential Special Type - I.

Where can I find the registration office for J.H.NAGAR Part -3?

The registration office for J.H.NAGAR Part -3 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in J.H.NAGAR Part -3?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.