Guideline Value for J.S.R. Nagar

J.S.R. Nagar guideline value

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

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 2017, the guideline value was Rs 167 per sq.ft. This figure remained unchanged in the subsequent revision in 2023, where it was still Rs 250 per sq.ft. The 2024 revision has also set the guideline value at Rs 250 per sq.ft, indicating no change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The revisions for the years 2002, 2003, 2007, and 2012 have no figures recorded in the register for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 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 guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and 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. You can use the stamp duty and registration fee calculator for more details.

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_B

The guideline value is a crucial factor in the registration process of property transactions in Irunkattukottai_B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

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 has remained at Rs 250 per sq.ft from 2023 to 2024, while it increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the guideline values of other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B have varying guideline values, with rates ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

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

Stamp duty for property in J.S.R. Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for J.S.R. Nagar?

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