Guideline Value for JAGANATHA NAGAR

Jaganatha Nagar guideline value

The current guideline value of Jaganatha Nagar is Rs 301 per sq.ft, effective from 1 July 2024. This area is located in Maele Manapakkam village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Jaganatha Nagar has changed

The guideline value for Jaganatha Nagar has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. The value then increased to Rs 300 per sq.ft in 2023 and has now risen to Rs 301 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has remained effectively unchanged, with a total increase of 0%.

Guideline values in Maele Manapakkam

In Maele Manapakkam village, there are 14 streets that carry a 2024 guideline value, ranging from Rs 200 to Rs 450 per sq.ft, with the median being Rs 301 per sq.ft. Jaganatha Nagar's 2024 figure is equal to this median.

• Brindhavan Nagar: Rs 250 per sq.ft (2024)
• Anand Avenue: Rs 301 per sq.ft (2024)
• Sri Arunachala City: Rs 301 per sq.ft (2024)
• Sri Balaji Avenue: Rs 301 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 200 per sq.ft (2024)
• Sri Jayalakshmi Nagar: Rs 301 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganatha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 301 per sq.ft, the total guideline value would be Rs 3,01,000. The stamp duty at 7% would amount to Rs 21,070, and the registration fee at 2% would be Rs 6,020, making the total cost for these fees Rs 27,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaganatha Nagar?

The Sub Registrar Office that covers Jaganatha Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Maele Manapakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable fees, ensuring that the government receives the correct amount based on the property's worth.

Frequently asked questions

What is the current guideline value of Jaganatha Nagar?

The current guideline value of Jaganatha Nagar is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then up to Rs 300 per sq.ft in 2023, and finally to Rs 301 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification for Jaganatha Nagar?

Jaganatha Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Jaganatha Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,01,000, the total fees would amount to Rs 27,090.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.