Guideline Value for J.R. Nagar

J.R. Nagar guideline value

The current guideline value of J.R. Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

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

The guideline value for J.R. Nagar has experienced several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The most recent revisions show that the value remained stable at Rs 1,000 per sq.ft in both 2023 and 2024, indicating a 49% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 233%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the guideline value of J.R. Nagar.

• J.R.K. Nagar: Rs 1,000 per sq.ft (2024)
• J.R Avenue: Rs 1,000 per sq.ft (2024)
• Kabali Nagar: Rs 1,000 per sq.ft (2024)
• Kalaignar Kaunanithi Nagar: Rs 1,000 per sq.ft (2024)
• Jayaram Nagar: Rs 1,000 per sq.ft (2024)
• Jayarajan Nagar: Rs 1,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, charged at 7%, would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, the total cost for these fees would be Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers J.R. Nagar?

The J.R. Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must ensure that the property is registered at the guideline value or the sale price, whichever is higher.

This ensures that the transaction is compliant with the regulations set by the Registration Department. The guideline value is periodically revised, reflecting changes in the real estate landscape, and it is important for both buyers and sellers to stay informed about these updates.

Frequently asked questions

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

The current guideline value of J.R. Nagar is Rs 1,000 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification for J.R. Nagar?

The land classification for J.R. Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in J.R. Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, resulting in a stamp duty of Rs 70,000.