Guideline Value for J.J. NAGAR

J.J. Nagar guideline value

The current guideline value for J.J. Nagar, located in Palliyaraikuppam village under the Tiruvallur Joint 1 SRO, is Rs 400 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

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

Over the years, the guideline value of J.J. Nagar has seen several revisions. The register shows that in 2012, the guideline value was Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2024 revision also maintains this figure, resulting in no change from the previous year.

It is important to note that for the years 2002, 2003, and 2007, the register has no figure for J.J. Nagar. Overall, comparing the revisions from 2012 to 2024, the guideline value has remained the same at Rs 400 per sq.ft.

Guideline values in Palliyaraikuppam

Palliyaraikuppam village has a range of guideline values across its streets, with 10 streets under the Tiruvallur Joint 1 SRO carrying a 2024 figure from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, and J.J. Nagar's 2024 figure of Rs 400 per sq.ft is above this median.

• I.C.F. Nagar & Annex: Rs 200 per sq.ft (2024)
• Gothavari Nagar: Rs 200 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar & Ext: Rs 200 per sq.ft (2024)
• Sarojammal Nagar: Rs 400 per sq.ft (2024)
• Thiruttanigai Nagar & Ext: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the 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 information.

Which Sub Registrar Office covers J.J. Nagar?

The Sub Registrar Office covering J.J. Nagar 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 Palliyaraikuppam

The guideline value plays a crucial role in the registration process when buying or selling property in Palliyaraikuppam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is used to determine the amount of stamp duty payable, which is essential for the legal transfer of property ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

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

The current guideline value for J.J. Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a drop to Rs 268 per sq.ft in 2017 and an increase back to Rs 400 per sq.ft in 2023.

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

The land classification for J.J. Nagar is Residential Special Type - II.

What are the stamp duty and registration fees for property in J.J. Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registration for J.J. Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for J.J. Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.