Guideline Value for JAGAN NATHAN NAGAR

Jagan Nathan Nagar guideline value

The current guideline value of Jagan Nathan Nagar is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of Jagan Nathan Nagar has changed

The guideline value for Jagan Nathan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased to Rs 800 per sq.ft in 2023, and subsequently rose to Rs 879 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase, with the latest revision showing a 10% increase from 2023 to 2024.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Jagan Nathan Nagar is below this median.

• Jagageevan Ram Street: Rs 2,200 per sq.ft (2024)
• Jain Nagar: Rs 1,650 per sq.ft (2024)
• Ingarsal Street: Rs 1,100 per sq.ft (2024)
• Jansie Rani Street: Rs 1,100 per sq.ft (2024)
• Indira Nagar: Rs 879 per sq.ft (2024)
• Indira Gandhi Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jagan Nathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000. The stamp duty at 7% would amount to Rs 61,530, and the registration fee at 2% would be Rs 17,580, bringing the total fees to Rs 79,110. It is important to note that 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 Jagan Nathan Nagar?

The Sub Registrar Office covering Jagan Nathan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Periyakuppam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in the real estate market and helps prevent undervaluation during the sale process.

Frequently asked questions

What is the current guideline value of Jagan Nathan Nagar?

The current guideline value of Jagan Nathan Nagar is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification of Jagan Nathan Nagar?

Jagan Nathan Nagar is classified as Residential Special Type - IV, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Jagan Nathan Nagar?

For a property valued at Rs 8,79,000, the stamp duty would be Rs 61,530 and the registration fee would be Rs 17,580, totaling Rs 79,110.

Which office handles property registrations in Jagan Nathan Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations in Jagan Nathan Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.