Guideline Value

Corporate

Guideline Value for J.M. NAGAR

₹950/sq.ft.

The guideline value for J.m. Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 871 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹871 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on J.m. Nagar

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J.M. Nagar guideline value

The current guideline value of J.M. Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO and is classified as Commercial Class I Type - III.

How the guideline value of J.M. Nagar has changed

In the 2017 revision, the guideline value for J.M. Nagar was Rs 871 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 950 per sq.ft, marking a change of +9% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +9%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for J.M. Nagar is above this median.

Stamp duty and registration fee for property in J.M. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the guideline value would be Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. Please 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 more information.

Which Sub Registrar Office covers J.M. Nagar?

The Sub Registrar Office that covers J.M. Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with legal requirements.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware of this value to understand the financial implications of their purchase.

Frequently asked questions

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

The current guideline value of J.M. Nagar is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J.M. Nagar was Rs 871 per sq.ft in 2017 and remained the same in 2023. It increased to Rs 950 per sq.ft in 2024, marking a total increase of +9% from 2017 to 2024.

What are the other streets in Thiruninravur-A?

Other streets in Thiruninravur-A include Jeeva Nagar, Jayaram Nagar Annexue, Jaya Nagar, Janagi Nagar, Kamala Nagar, and Jagadeesan Nagar, with their respective guideline values ranging from Rs 750 to Rs 840 per sq.ft in 2024.

How is stamp duty calculated in J.M. Nagar?

Stamp duty in J.M. Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 66,500 based on the current guideline value.

Where is the Sub Registrar Office located?

The Avadi Sub Registrar Office, which covers J.M. Nagar, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.