Guideline Value for J.N.Road judges Colony

J.N.Road judges Colony guideline value

The current guideline value for J.N.Road judges Colony is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of J.N.Road judges Colony has changed

Over the years, the guideline value for J.N.Road judges Colony has seen significant changes. The earliest recorded value in 2007 was Rs 320 per sq.ft, which rose dramatically to Rs 2,500 per sq.ft in 2012. However, this value decreased to Rs 1,675 per sq.ft in 2017. The guideline value then increased to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall change from 2007 to 2024 reflects an impressive increase of 759%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

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

• J.N. Road*: Rs 3,850 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 judges Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.N.Road judges Colony?

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

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

The guideline value plays a crucial role during the registration process of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers must be aware that the guideline value will influence the total cost associated with the transaction. This ensures that all parties are aware of the financial obligations tied to the property transfer.

Frequently asked questions

What is the current guideline value for J.N.Road judges Colony?

The current guideline value for J.N.Road judges Colony is Rs 2,750 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 320 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 759% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office handles registrations for J.N.Road judges Colony?

The Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, handles registrations for J.N.Road judges Colony.

What is the land classification for J.N.Road judges Colony?

The land classification for J.N.Road judges Colony is Residential Special Type - IV.