Guideline Value for J.J.Nagar Main Road

J.J.Nagar Main Road guideline value

The current guideline value of J.J.Nagar Main Road is Rs 200 per sq.ft, effective from 1 July 2024. This road is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of J.J.Nagar Main Road has changed

The guideline value for J.J.Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 200 per sq.ft in both 2023 and 2024, resulting in a 49% rise from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 200 per sq.ft. The consistency in the 2023 and 2024 revisions indicates stability for this street in recent years.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft, with the median being Rs 200 per sq.ft. The guideline value for J.J.Nagar Main Road is equal to this median.

• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 1st Street: Rs 200 per sq.ft (2024)
• Jeyam Nagar: Rs 150 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Jemi Modern City - I: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in J.J.Nagar Main Road

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, bringing the total to Rs 18,000. 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 Main Road?

The J.J.Nagar Main Road falls under the jurisdiction of 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 Kunduperumpedu

The guideline value is a crucial factor in the registration process when buying or selling property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of J.J.Nagar Main Road 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. There are no figures available for the years 2002, 2003, and 2007.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. This is calculated based on the guideline value.

Which office handles property registrations for J.J.Nagar Main Road?

The Sriperumpudur Sub Registrar Office handles property registrations for J.J.Nagar Main Road, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value determined for properties in Kunduperumpedu?

The guideline value is determined based on several factors, including land classification and comparisons with other streets in the area. It is regularly updated to reflect current market conditions and is used to calculate stamp duty and registration fees.