Guideline Value for J.J.NAGAR EXTENTION - I

J.J.Nagar Extention - I guideline value

The current guideline value of J.J.Nagar Extention - I is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Peruveli village and falls under the Madurandakam SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of J.J.Nagar Extention - I has changed

Over the years, the guideline value of J.J.Nagar Extention - I has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a decrease to Rs 67 per sq.ft, reflecting a -33% change from the previous figure. The 2024 revision again set the value at Rs 100 per sq.ft, resulting in an overall change of +0% from 2012 to 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by +49%, while there was no change from 2023 to 2024. This indicates that the value has stabilized at Rs 100 per sq.ft since 2012, despite fluctuations in previous years.

Guideline values in Peruveli

In Peruveli village, there are 12 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. J.J.Nagar Extention - I's 2024 figure is below this median.

• Kamadenu Nagar: Rs 251 per sq.ft (2024)
• Ngo Nagar Extension: Rs 200 per sq.ft (2024)
• Priyam Garden: Rs 200 per sq.ft (2024)
• Sri Jayalakshmi Avenue: Rs 126 per sq.ft (2024)
• Sri Sai Nagar Phase - I: Rs 250 per sq.ft (2024)
• Aishwarya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in J.J.Nagar Extention - I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty, charged at 7%, would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.J.Nagar Extention - I?

The J.J.Nagar Extention - I area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Peruveli. It is the minimum value set by the government for property registration, ensuring that properties are sold at a fair price. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the registration process is transparent and that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of J.J.Nagar Extention - I?

The current guideline value of J.J.Nagar Extention - I is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2012 revision, despite fluctuations in previous years. The 2017 revision saw a decrease to Rs 67 per sq.ft, followed by a return to Rs 100 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles property registration for J.J.Nagar Extention - I?

The Madurandakam Sub Registrar Office handles property registration for J.J.Nagar Extention - I, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the guideline value determined for properties in Peruveli?

The guideline value is determined by the government and varies by location and land classification. It is used to calculate the stamp duty and registration fees when buying or selling property in the area.