Guideline Value for J.S.R. Nagar

J.S.R. Nagar guideline value

The current guideline value of J.S.R. Nagar, located in Vellanthangal village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

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

Over the years, the guideline value for J.S.R. Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant increase to Rs 201 per sq.ft, followed by a return to Rs 300 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. In contrast, the period from 2017 to 2023 experienced a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Vellanthangal

In Vellanthangal, there are 9 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 3,300 per sq.ft. The median value for these streets is Rs 650 per sq.ft, placing J.S.R. Nagar's 2024 figure below that median.

• Chennai Bangalore Main Road: Rs 1,200 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar Part III: Rs 400 per sq.ft (2024)
• Rajeswari Nagar: Rs 400 per sq.ft (2024)
• Sri Dhanalaxmi Nagar: Rs 650 per sq.ft (2024)
• Symphony Phase -I: Rs 3,300 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 of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Vellanthangal. It serves as a baseline for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from 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 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in the 2023 and 2024 revisions, while it increased from Rs 201 per sq.ft in 2017. The 2012 revision also set the value at Rs 300 per sq.ft.

What is the land classification of J.S.R. Nagar?

J.S.R. Nagar falls under the Residential Class II Type - I land classification.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles property registrations in J.S.R. Nagar?

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