Guideline Value for J.P. Nagar(3rd Street)

J.P. Nagar(3rd Street) guideline value

The current guideline value for J.P. Nagar(3rd Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village under the Ambattur SRO, and it is classified as Residential Special Type - I.

How the guideline value of J.P. Nagar(3rd Street) has changed

Over the years, the guideline value for J.P. Nagar(3rd Street) has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from Rs 1,340 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 2,000 per sq.ft, and the current 2024 revision has further increased it to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. It is important to note that there are no figures available for this street in the 2002, 2003, and 2007 revisions.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for J.P. Nagar(3rd Street) is above this median.

• J.P. Nagar(2nd Street): Rs 2,200 per sq.ft (2024)
• J.P. Nagar(4th Street): Rs 2,200 per sq.ft (2024)
• J.P. Nagar(1st Street): Rs 2,200 per sq.ft (2024)
• J.P.Nagar Anex: Rs 1,900 per sq.ft (2024)
• J.P. Nagar Cross Street: Rs 2,200 per sq.ft (2024)
• J.P. Nagar Extention: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in J.P. Nagar(3rd Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 information.

Which Sub Registrar Office covers J.P. Nagar(3rd Street)?

The Sub Registrar Office that covers J.P. Nagar(3rd Street) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an essential reference for property transactions in Soorapattu. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at an appropriate value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for J.P. Nagar(3rd Street)?

The current guideline value for J.P. Nagar(3rd Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for properties in J.P. Nagar(3rd Street)?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers J.P. Nagar(3rd Street)?

The Ambattur Sub Registrar Office covers J.P. Nagar(3rd Street), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for J.P. Nagar(3rd Street)?

J.P. Nagar(3rd Street) is classified as Residential Special Type - I, indicating its suitability for residential development.