Guideline Value for J.J.Nagar 3rd Street

J.J.Nagar 3rd Street guideline value

The current guideline value of J.J.Nagar 3rd Street in Kaduvancheri village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of J.J.Nagar 3rd Street has changed

The guideline value for J.J.Nagar 3rd Street has seen several revisions over the years. In 2012, the value was Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, by the 2023 revision, the value increased to Rs 200 per sq.ft, maintaining this figure in the 2024 revision, showing a 49% increase from 2017 to 2023 and an overall increase of 0% from 2012 to 2024.

The revisions for the years 2002, 2003, and 2007 have no figures listed in the register for this street. Thus, the most recent figures are from 2012, 2017, 2023, and 2024.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of J.J.Nagar 3rd Street is below this median.

• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 1st 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 3rd 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 and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers J.J.Nagar 3rd Street?

The J.J.Nagar 3rd Street is covered by 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 during property transactions in Kaduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction process. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of J.J.Nagar 3rd Street?

The current guideline value of J.J.Nagar 3rd 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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, with significant changes occurring between these revisions.

What are the other streets in Kaduvancheri with their guideline values?

Other streets in Kaduvancheri include J.J.Nagar 1st Street and 2nd Street, both at Rs 200 per sq.ft, and D.R.R.Nagar streets, which are at Rs 250 per sq.ft as of 2024.

What fees are associated with buying property in J.J.Nagar 3rd Street?

When buying property in J.J.Nagar 3rd Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for J.J.Nagar 3rd Street?

The Sub Registrar Office covering J.J.Nagar 3rd Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.