Guideline Value for J.J. NAGAR & ANNEX

J.J. Nagar & Annex guideline value

The current guideline value for J.J. Nagar & Annex is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Siruvanoor village under the Tiruvallur Joint 1 SRO, classified as Residential Class III Type - III.

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

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value returned to Rs 100 per sq.ft, and it has remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median value for these streets is Rs 250 per sq.ft, indicating that the guideline value for J.J. Nagar & Annex is below this median.

• Ganesh Nagar-(78/1b1part): Rs 250 per sq.ft (2024)
• Ganesh Nagar: Rs 250 per sq.ft (2024)
• L.V.S. Nagar: Rs 100 per sq.ft (2024)
• Abirami Garden: Rs 400 per sq.ft (2024)
• Ponsakthi Nagar: Rs 200 per sq.ft (2024)
• Senthil Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in J.J. Nagar & Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. 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 information.

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

The Sub Registrar Office that covers J.J. Nagar & Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Siruvanoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value is essential for determining the legal obligations associated with the transaction. Buyers and sellers should be aware of this value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for J.J. Nagar & Annex?

The current guideline value for J.J. Nagar & Annex is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J.J. Nagar & Annex has seen various changes, including a decrease to Rs 67 per sq.ft in 2017, followed by a return to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification for J.J. Nagar & Annex?

J.J. Nagar & Annex is classified as Residential Class III Type - III.

What is the stamp duty rate for property in J.J. Nagar & Annex?

The stamp duty rate for property transactions in J.J. Nagar & Annex is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for J.J. Nagar & Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.