Guideline Value for J.J. Nagar 4th Street

J.J. Nagar 4th Street guideline value

The current guideline value of J.J. Nagar 4th Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of J.J. Nagar 4th Street has changed

The guideline value for J.J. Nagar 4th Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 500 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 550 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, indicating that J.J. Nagar 4th Street's 2024 figure of Rs 550 per sq.ft is below the median.

• J.J. Nagar 3rd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar Main Road: Rs 550 per sq.ft (2024)
• J.J. Nagar 2nd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 1st Street: Rs 550 per sq.ft (2024)
• Jayapaul Street: Rs 830 per sq.ft (2024)
• Jayamangala Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in J.J. Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total fee of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers J.J. Nagar 4th Street?

The Sub Registrar Office that covers J.J. Nagar 4th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential to understand that the fees are based on the higher value between the guideline value and the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of J.J. Nagar 4th Street?

The current guideline value of J.J. Nagar 4th Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Agaramthen?

The median guideline value for the 125 streets in Agaramthen is Rs 830 per sq.ft, which means J.J. Nagar 4th Street's current value is below this median.

What are the stamp duty and registration fees for a property in J.J. Nagar 4th Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 5,50,000, with a stamp duty of Rs 38,500 and a registration fee of Rs 11,000, totaling Rs 49,500.

Which office handles registrations for J.J. Nagar 4th Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for J.J. Nagar 4th Street, located at No.26, mes Road, East Tambaram, Chennai-600059.