Guideline Value for JAGADEESH NAGAR

Jagadeesh Nagar guideline value

The current guideline value for Jagadeesh Nagar, located in Chinnasekkadu village under the Thiruvottiyur SRO, is Rs 1,001 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 Jagadeesh Nagar has changed

The guideline value for Jagadeesh Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 62 per sq.ft, which increased to Rs 75 per sq.ft in 2003. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, and then to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, and it further rose to Rs 1,001 per sq.ft in 2024.

In terms of changes, the increase from 2017 to 2023 was +149%. The revision from 2012 to 2017 saw a decrease of -33%. The guideline value increased by +200% from 2007 to 2012, and from 2003 to 2007, it increased by +167%. The change from 2002 to 2003 was +21%. Overall, from 2002 to 2024, the guideline value has increased by +1515%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Jagadeesh Nagar is below this median.

• Jagannathan Street/ Achari Street: Rs 1,300 per sq.ft (2024)
• Govindaswamy Street: Rs 1,001 per sq.ft (2024)
• Kakkanpuram / Radha Nagar / Kannapiran Street / Kannapiran Koil Street: Rs 1,001 per sq.ft (2024)
• Kalaignar Karunanithi Street: Rs 1,300 per sq.ft (2024)
• Kamalammal Nagar: Rs 1,001 per sq.ft (2024)
• Kamaraj Saiai: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jagadeesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, resulting in a total of Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jagadeesh Nagar?

The Sub Registrar Office that covers Jagadeesh Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Chinnasekkadu. It is used to determine the stamp duty and registration fees applicable at the time of registration. Buyers and sellers must consider this value to ensure accurate calculations of the costs involved in the transaction.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that all parties comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jagadeesh Nagar?

The current guideline value of Jagadeesh Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 62 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, marking an overall increase of +1515%.

What other streets have similar guideline values in Chinnasekkadu?

Other streets in Chinnasekkadu with similar guideline values include Govindaswamy Street and Kamalammal Nagar, both at Rs 1,001 per sq.ft in 2024.

What is the registration fee for property in Jagadeesh Nagar?

The registration fee is calculated based on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 10,01,000 would incur a registration fee of Rs 20,020 at 2%.

Where is the Sub Registrar Office for Jagadeesh Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.