Guideline Value for J.S.NAGAR

J.S.Nagar guideline value

The current guideline value for J.S.Nagar, located in Kovilkuppam village under the Manavalanagar SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

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

The guideline value for J.S.Nagar has remained consistent at Rs 700 per sq.ft through the 2023 and 2024 revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the most recent revision, from 2023 to 2024, there was no percentage change, maintaining the value at Rs 700 per sq.ft. This consistency indicates stability in the guideline value for this street.

Guideline values in Kovilkuppam

Kovilkuppam village has a total of 68 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft, and the median value is Rs 350 per sq.ft. J.S.Nagar's guideline value of Rs 700 per sq.ft is above this median.

• Jothi Nagar: Rs 350 per sq.ft (2024)
• Kaveri Nagar: Rs 300 per sq.ft (2024)
• G.Kalan Nagar: Rs 300 per sq.ft (2024)
• Gayathri Nagar Anexe: Rs 300 per sq.ft (2024)
• Gayathri Nagar: Rs 350 per sq.ft (2024)
• Kothandarama Naidu Nagar: Rs 350 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. 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 further calculations.

Which Sub Registrar Office covers J.S.Nagar?

The J.S.Nagar area is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilkuppam. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers ensure compliance with local regulations during property transactions. It is essential to refer to the latest figures for accurate calculations during the registration process.

Frequently asked questions

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

The current guideline value of J.S.Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J.S.Nagar has remained at Rs 700 per sq.ft in the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kovilkuppam?

The median guideline value in Kovilkuppam is Rs 350 per sq.ft, with J.S.Nagar's value of Rs 700 per sq.ft being above this median.

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

For a 1,000 sq.ft plot in J.S.Nagar, the total guideline value is Rs 7,00,000. The stamp duty is Rs 49,000, and the registration fee is Rs 14,000, totaling Rs 63,000.

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

The Sub Registrar Office covering J.S.Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.