Guideline Value for JAGANJEEVANRAM NAGAR

Jaganjeevanram Nagar guideline value

The current guideline value of Jaganjeevanram Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Jaganjeevanram Nagar has changed

The guideline value for Jaganjeevanram Nagar has seen several revisions over the years. In the 2017 revision, the rate was set at Rs 201 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The current revision in 2024 has further increased the guideline value to Rs 330 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current value of Jaganjeevanram Nagar.

• Jai Maruthi Nagar /Avenu: Rs 330 per sq.ft (2024)
• Jai Nagar: Rs 330 per sq.ft (2024)
• Janakiammal Nagar: Rs 330 per sq.ft (2024)
• Janaki Nagar: Rs 330 per sq.ft (2024)
• Indira Nagar: Rs 462 per sq.ft (2024)
• Jaya Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganjeevanram Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. 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 detailed calculations.

Which Sub Registrar Office covers Jaganjeevanram Nagar?

The Thiruvottiyur Sub Registrar Office covers Jaganjeevanram Nagar. The office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a standard reference used during the registration of property transactions in Athipattu. It helps determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value serves as a basis for calculating the stamp duty, ensuring that the fees are consistent and transparent. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jaganjeevanram Nagar?

The current guideline value of Jaganjeevanram Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and now to Rs 330 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What is the median guideline value in Athipattu?

The median guideline value for streets in Athipattu is Rs 330 per sq.ft, which is the same as the current value for Jaganjeevanram Nagar.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Jaganjeevanram Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

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