Guideline Value for JAGADEESH NAGAR

Jagadeesh Nagar guideline value

The current guideline value of Jagadeesh Nagar is Rs 2,001 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, with a land classification of Residential Special Type - II.

How the guideline value of Jagadeesh Nagar has changed

The guideline value for Jagadeesh Nagar has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. This figure increased to Rs 2,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,001 per sq.ft, showing no change from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for Jagadeesh Nagar. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting a consistent upward trend since the last known figure in 2017.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Jagadeesh Nagar's 2024 figure above that median.

• Jagir Hussain Street: Rs 1,500 per sq.ft (2024)
• Jesubatham Nagar: Rs 2,001 per sq.ft (2024)
• J.V.C. Avenue: Rs 1,200 per sq.ft (2024)
• Guduvancheri Extn: Rs 1,500 per sq.ft (2024)
• G.S.T. Road: Rs 3,500 per sq.ft (2024)
• Kamarajar Street: Rs 1,500 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 2,001 per sq.ft, the total guideline value amounts to Rs 20,01,000. The stamp duty, charged at 7%, would be Rs 1,40,070, while the registration fee at 2% would be Rs 40,020, bringing the total cost to Rs 1,80,090. 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area. Buyers and sellers must ensure that the sale price meets or exceeds the guideline value to avoid any discrepancies during registration.

When registering a property, the guideline value is assessed to calculate the total costs involved, including the stamp duty and registration fees. This ensures that all transactions are in compliance with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of Jagadeesh Nagar?

The current guideline value of Jagadeesh Nagar is Rs 2,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2023, the guideline value increased from Rs 1,340 per sq.ft to Rs 2,000 per sq.ft, a rise of 49%. The value remained the same from 2023 to 2024, with no change.

What are the other streets in Gooduvancheri?

Gooduvancheri has various streets with differing guideline values. Some of the streets include Jagir Hussain Street at Rs 1,500 per sq.ft, Jesubatham Nagar at Rs 2,001 per sq.ft, and G.S.T. Road at Rs 3,500 per sq.ft.

How is stamp duty calculated in Jagadeesh Nagar?

Stamp duty in Jagadeesh Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,01,000, the stamp duty would be Rs 1,40,070.

Where can I find the Sub Registrar Office for Jagadeesh Nagar?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find more details through the provided link.