Guideline Value for J.S NAGAR

J.S Nagar guideline value

The current guideline value of J.S Nagar, a village in Uthukkadu under the Walajabad SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - III.

How the guideline value of J.S Nagar has changed

In the 2017 revision, the guideline value for J.S Nagar was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 600 per sq.ft. With the upcoming 2024 revision, the guideline value will again be Rs 600 per sq.ft, showing no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed between 2023 and 2024.

Guideline values in Uthukkadu - A

Uthukkadu - A has 38 streets under the Walajabad SRO, with guideline values ranging from Rs 200 to Rs 800 per sq.ft. The median guideline value for the area is Rs 350 per sq.ft, placing J.S Nagar's 2024 figure above this median.

• Gs Avenue: Rs 600 per sq.ft (2024)
• Krisna Garden: Rs 400 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Ganesha Nagar: Rs 300 per sq.ft (2024)
• Kurunji Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Narasima Perumal Nagar Phase-II: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.S Nagar?

The Sub Registrar Office that covers J.S Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value plays a crucial role during property registration in Uthukkadu - A. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value of J.S Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J.S Nagar was Rs 402 per sq.ft in 2017, increased to Rs 600 per sq.ft in 2023, and remains at Rs 600 per sq.ft for 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for J.S Nagar?

The land classification for J.S Nagar is Residential Class III Type - III.

What are the stamp duty and registration fees in J.S Nagar?

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is 2%. For example, on a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.

Where is the Sub Registrar Office for J.S Nagar located?

The Walajabad Sub Registrar Office covers J.S Nagar and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.