Guideline Value for J.J. NAGAR

J.J. Nagar guideline value

The current guideline value of J.J. Nagar, located in Perumpakkam village under the Tiruvallur Joint 1 SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

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

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision sees the value further increased to Rs 770 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures listed for this street in the register.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 680 to Rs 1,650 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the guideline value of J.J. Nagar.

• Javahar Nagar: Rs 1,650 per sq.ft (2024)
• Golden Avenue: Rs 1,650 per sq.ft (2024)
• K.K. Nagar: Rs 680 per sq.ft (2024)
• Kohinur Avenue: Rs 770 per sq.ft (2024)
• K.V.L. Garden: Rs 770 per sq.ft (2024)
• B.V.Anandam Nagar: Rs 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.J. Nagar?

The Sub Registrar Office that covers 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 Perumpakkam

The guideline value is a crucial factor in property transactions in Perumpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should always check the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of J.J. Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of J.J. Nagar has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting a total increase of 64% over this period.

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

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value. For a property valued at Rs 7,70,000, the total charges would amount to Rs 69,300.

Which Sub Registrar Office is responsible for J.J. Nagar?

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

What is the significance of the guideline value?

The guideline value is used as a reference for determining the minimum price at which properties can be registered. It plays a vital role in calculating the stamp duty and registration fees during property transactions.