Guideline Value for J.P.Nagar Anex

J.P.Nagar Anex guideline value

The current guideline value of J.P.Nagar Anex is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Soorapattu village under the Ambattur SRO, classified as Residential Special Type - II.

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

The guideline value for J.P.Nagar Anex has undergone several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. The value then increased significantly to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. The guideline value increased by 49% from 2017 to 2023, and by 6% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO with 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 Anex is above this median.

• J.P. Nagar(4th Street): Rs 2,200 per sq.ft (2024)
• J.P. Nagar Cross Street: Rs 2,200 per sq.ft (2024)
• J.P. Nagar(3rd Street): Rs 2,200 per sq.ft (2024)
• J.P. Nagar(2nd Street): Rs 2,200 per sq.ft (2024)
• J.P.Nagar Extention: Rs 1,900 per sq.ft (2024)
• J.P. Nagar(1st Street): Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the 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 details.

Which Sub Registrar Office covers J.P.Nagar Anex?

The Sub Registrar Office that covers J.P.Nagar Anex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of J.P.Nagar Anex is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for J.P.Nagar Anex?

J.P.Nagar Anex is classified as Residential Special Type - II.

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

The Sub Registrar Office for J.P.Nagar Anex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at 7%.