Guideline Value for J.S. NAGAR PHASE -II

J.S. Nagar Phase -II guideline value

The current guideline value of J.S. Nagar Phase -II is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Uthukadu-B village and falls under the Walajabad SRO, classified as Residential Special Type - III.

How the guideline value of J.S. Nagar Phase -II has changed

The guideline value for J.S. Nagar Phase -II has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft. This remained unchanged until the 2023 revision, which also recorded the value at Rs 800 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2024 revision has maintained the value at Rs 800 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Uthukadu-B

In Uthukadu-B village, there are 33 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. J.S. Nagar Phase -II's current guideline value is above this median.

• G S Avenue: Rs 600 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 350 per sq.ft (2024)
• Doctors Detroit City: Rs 775 per sq.ft (2024)
• Dhia Nagar: Rs 600 per sq.ft (2024)
• Devi Sri Ellaiyamman Nagar: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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.S. Nagar Phase -II?

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

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value is a critical factor in the registration process when buying or selling property in Uthukadu-B. It serves as a baseline for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When a property is registered, the guideline value helps determine the official value of the property for taxation purposes. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

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

The current guideline value of J.S. Nagar Phase -II is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023 and has remained at that value through 2024. Overall, this represents a 49% increase from 2017 to 2024.

What is the land classification of J.S. Nagar Phase -II?

J.S. Nagar Phase -II is classified as Residential Special Type - III according to the registration department's records.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in J.S. Nagar Phase -II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 56,000.