Guideline Value

Corporate

Guideline Value for J.P. Nagar

₹200/sq.ft.

The guideline value for J.p. Nagar in Kilay village (Sriperumpudur SRO, Chengalpattu zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kilay

Village

Sriperumpudur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
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)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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J.P. Nagar guideline value

The current guideline value of J.P. Nagar, located in Kilay village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

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

The guideline value of J.P. Nagar has seen several revisions over the years. The earliest figure available is from the 2012 revision, which was set at Rs 200 per sq.ft. In 2017, the value dropped to Rs 134 per sq.ft, marking a decline of 33%. However, the following revisions saw an increase, with the 2023 revision returning to Rs 200 per sq.ft, and the 2024 revision maintaining this figure, reflecting no change from 2023.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value remains unchanged at Rs 200 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing J.P. Nagar's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to 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 details.

Which Sub Registrar Office covers J.P. Nagar?

The Sub Registrar Office that covers J.P. Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kilay. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value helps determine the minimum value on which the stamp duty is calculated, ensuring that the transaction is transparent and complies with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of J.P. Nagar is Rs 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, with a notable increase of 49% from 2017 to 2023.

What is the median guideline value for streets in Kilay?

The median guideline value for the 31 streets in Kilay is Rs 300 per sq.ft, with J.P. Nagar's value being below this median.

What are the stamp duty and registration fees for J.P. Nagar?

The stamp duty for a 1,000 sq.ft plot at the current guideline value is Rs 14,000, and the registration fee is Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for J.P. Nagar?

The Sub Registrar Office for J.P. Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.