Guideline Value for JAGATHAMBAL NAGAR

Jagathambal Nagar guideline value

The current guideline value of Jagathambal Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Pammathukulam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jagathambal Nagar has changed

The guideline value for Jagathambal Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 600 per sq.ft. In 2017, this value dropped to Rs 402 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Jagathambal Nagar's 2024 figure above this median.

• Iswariam Nagar Extn. II: Rs 440 per sq.ft (2024)
• Iswariam Nagar Extn.: Rs 440 per sq.ft (2024)
• Ishwaryam Nagar Extn.1: Rs 440 per sq.ft (2024)
• Jayalakshmi Avenue: Rs 330 per sq.ft (2024)
• Indhra Nagar: Rs 550 per sq.ft (2024)
• Green Park Chennai Meadows: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Jagathambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, which totals Rs 46,200, and the registration fee at 2% amounts to Rs 13,200. Together, the total fees come to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jagathambal Nagar?

The Sub Registrar Office covering Jagathambal Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and helps prevent undervaluation.

Frequently asked questions

What is the current guideline value of Jagathambal Nagar?

The current guideline value of Jagathambal Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with notable changes occurring in 2017 and 2023.

What is the median guideline value in Pammathukulam?

The median guideline value in Pammathukulam is Rs 550 per sq.ft, with Jagathambal Nagar's current value being above this median.

What are the stamp duty and registration fees for properties in Jagathambal Nagar?

For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.

Which office handles property registration in Jagathambal Nagar?

The Redhills Sub Registrar Office handles property registration for Jagathambal Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.