Guideline Value for J.J.Nagar 1st Street

J.J.Nagar 1st Street guideline value

The current guideline value of J.J.Nagar 1st Street is Rs 200 per sq.ft, effective from the 2024 revision. This street is located in Kaduvancheri village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of J.J.Nagar 1st Street has changed

The guideline value for J.J.Nagar 1st Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The most recent revision in 2024 has kept the value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for J.J.Nagar 1st Street for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing J.J.Nagar 1st Street's 2024 figure below that median.

• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 3rd Street: Rs 200 per sq.ft (2024)
• Jawaharlal Town: Rs 200 per sq.ft (2024)
• D.R.R.Nagar 3rd Street: Rs 250 per sq.ft (2024)
• D.R.R.Nagar 2nd Street: Rs 250 per sq.ft (2024)
• D.R.R Nagar 1st Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in J.J.Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers J.J.Nagar 1st Street?

The Sub Registrar Office that covers J.J.Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Kaduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of J.J.Nagar 1st Street?

The current guideline value of J.J.Nagar 1st Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, and then increasing back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of J.J.Nagar 1st Street?

J.J.Nagar 1st Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for J.J.Nagar 1st Street?

The Sub Registrar Office for J.J.Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.