Guideline Value for J.J. Nagar

J.J. Nagar guideline value

The current guideline value of J.J. Nagar, located in Molachoor village under the Sunguvarchattram SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - II land classification.

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 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. Following this, the value increased significantly to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. This lack of data means we cannot assess any changes during those years.

Guideline values in Molachoor

In Molachoor village, there are 112 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing J.J. Nagar's 2024 figure below this median.

• Kaideymilleth Street: Rs 600 per sq.ft (2024)
• Kalliamman Kovil Street: Rs 300 per sq.ft (2024)
• Irular Kudi iruppu: Rs 700 per sq.ft (2024)
• Kamarajar Street: Rs 600 per sq.ft (2024)
• Indhira Nagar: Rs 300 per sq.ft (2024)
• Kambar Street: Rs 600 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, thereby facilitating transparency in property dealings. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of J.J. Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in 2023 and 2024, dropped to Rs 201 per sq.ft in 2017, and was Rs 300 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

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

J.J. Nagar falls under the Residential Class IV Type - II land classification, which indicates its intended use for residential purposes.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. The duty is charged based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office covering J.J. Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.