Guideline Value for J.S.R. Nagar

J.S.R. Nagar guideline value

The current guideline value of J.S.R. Nagar, located in Irunkattukottai village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

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

The guideline value for J.S.R. Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 250 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 167 per sq.ft, marking a reduction of 33%. However, by 2023, the value had increased to Rs 250 per sq.ft, reflecting a 50% increase from the 2017 figure. As of the 2024 revision, the guideline value remains at Rs 250 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for J.S.R. Nagar is below this median.

• Kajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kalaignar Street: Rs 250 per sq.ft (2024)
• Jeyanthirer Avenue: Rs 750 per sq.ft (2024)
• Jayendrar Avenue Part-II: Rs 750 per sq.ft (2024)
• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - II: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.S.R. Nagar?

The Sub Registrar Office that covers J.S.R. Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Irunkattukottai. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the fees are based on a standardized value, providing transparency in property transactions.

Frequently asked questions

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

The current guideline value of J.S.R. Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J.S.R. Nagar has varied over the years, with significant changes occurring in 2012, 2017, and 2023. The value decreased from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased back to Rs 250 per sq.ft by 2023.

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

For a property valued at the guideline rate of Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for J.S.R. Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for J.S.R. Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It acts as a minimum value for registration, ensuring compliance with local regulations.