Guideline Value for J.N. Road*

J.N. Road* guideline value

The current guideline value of J.N. Road* in Thiruvallur village under the Tiruvallur Joint 1 SRO is Rs 3,850 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - IV.

How the guideline value of J.N. Road* has changed

The guideline value for J.N. Road* has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 775%. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The next revision in 2023 raised the value to Rs 3,500 per sq.ft, followed by a further increase to Rs 3,850 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 863%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing J.N. Road* above this median.

• J.N.Road judges Colony: Rs 2,750 per sq.ft (2024)
• Jothiramalingam Street: Rs 1,100 per sq.ft (2024)
• jeyeprakash Street: Rs 1,320 per sq.ft (2024)
• Kaikalamegam Street: Rs 1,100 per sq.ft (2024)
• Kakkalore Road: Rs 3,300 per sq.ft (2024)
• Jayanagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in J.N. Road*

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. 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 details.

Which Sub Registrar Office covers J.N. Road*?

The J.N. Road* area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvallur, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. Conversely, if the sale price is lower, the duty is based on the guideline value.

Frequently asked questions

What is the current guideline value of J.N. Road*?

The current guideline value of J.N. Road* is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 863%.

What are the stamp duty rates for properties on J.N. Road*?

The stamp duty for properties on J.N. Road* is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for J.N. Road* located?

The Sub Registrar Office for J.N. Road* is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value for streets in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, with J.N. Road* being above this median.