Guideline Value for J.J. NAGAR

J.J. Nagar guideline value

The current guideline value of J.J. Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

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

The guideline value for J.J. Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which matches the current guideline value for J.J. Nagar.

• Jothi Mani Street: Rs 1,100 per sq.ft (2024)
• Jeeva Street: Rs 1,100 per sq.ft (2024)
• Jeevadoss Nagar: Rs 1,100 per sq.ft (2024)
• Jayanthi Nagar Karumariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Jayanthi Nagar: Rs 1,320 per sq.ft (2024)
• Kakidhe Millath Stree/Co-Operative Colony: Rs 1,320 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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.J. Nagar?

The Sub Registrar Office covering J.J. Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of J.J. Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 64% over this period.

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

J.J. Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The stamp duty rate for property transactions in J.J. Nagar is 7%, which is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for J.J. Nagar located?

The Sub Registrar Office for J.J. Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.