Guideline Value for J.M. NAGAR

J.M. Nagar guideline value

The current guideline value of J.M. Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Special Type - IV.

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

The guideline value for J.M. Nagar has seen significant changes over the years. In 2017, the value was Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 61%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. J.M. Nagar's 2024 figure is above this median.

• Jeeva Nagar: Rs 770 per sq.ft (2024)
• Jayaram Nagar Annexue: Rs 770 per sq.ft (2024)
• Jaya Nagar: Rs 870 per sq.ft (2024)
• Jayam Avenue: Rs 1,625 per sq.ft (2024)
• Kaliya Nagar: Rs 330 per sq.ft (2024)
• Janagi Nagar: Rs 770 per sq.ft (2024)

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 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. Note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers J.M. Nagar?

The Sub Registrar Office covering 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 information.

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

The guideline value is an essential factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both buyers and sellers are aware of the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value of J.M. Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,400 per sq.ft in 2024, marking an overall increase of 61%.

What are the stamp duty and registration fees in J.M. Nagar?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles registrations for J.M. Nagar?

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

What is the land classification of J.M. Nagar?

J.M. Nagar is classified as Residential Special Type - IV, indicating its designated use for residential purposes.