Guideline Value for J.U.S.Nagar

J.U.S.Nagar guideline value

The current guideline value of J.U.S.Nagar, located in Nethapakkam village under the Madurandakam SRO, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which will take effect on 1 July 2024. The land classification for this area is Residential Class I Type - I.

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

Over the years, the guideline value of J.U.S.Nagar has seen several revisions. The 2007 revision set the value at Rs 45 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it then decreased to Rs 67 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the value at Rs 100 per sq.ft, indicating no change between these two years. Notably, there are no figures available for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The jump from 2007 to 2012 was a substantial 122%, but it decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 122%.

Guideline values in Nethapakkam

In Nethapakkam, there are eight streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 130 per sq.ft, placing J.U.S.Nagar's 2024 figure below that median.

• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Besant Nagar: Rs 160 per sq.ft (2024)
• Ambal Nagar: Rs 100 per sq.ft (2024)
• Sakthi Saibaba Nagar: Rs 100 per sq.ft (2024)
• Santhosh Nagar: Rs 100 per sq.ft (2024)
• Vgp Gold Nest: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, leading to a total of Rs 9,000. 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 more details.

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

The J.U.S.Nagar area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Nethapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps maintain the integrity of the real estate market in the region.

Frequently asked questions

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

The current guideline value of J.U.S.Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017, and remained at Rs 100 per sq.ft in 2023 and 2024.

What is the land classification for J.U.S.Nagar?

The land classification for J.U.S.Nagar is Residential Class I Type - I.

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

The Madurandakam Sub Registrar Office, which covers J.U.S.Nagar, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would have a total guideline value of Rs 1,00,000, resulting in a stamp duty of Rs 7,000.