Guideline Value for JAI NAGAR EXTENTION - II

Jai Nagar Extention - II guideline value

The current guideline value of Jai Nagar Extention - II is Rs 1,500 per sq.ft. This area is located in Vandalur village, under the Gooduvancheri Sub Registrar Office (SRO), classified as Residential Special Type - I.

How the guideline value of Jai Nagar Extention - II has changed

According to the register, there are no figures available for the revisions prior to 2023, including the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision shows a guideline value of Rs 1,500 per sq.ft, which remains unchanged from previous revisions.

Since there are no figures available for the years 2002, 2003, 2007, 2012, and 2017, it can be noted that the guideline value has not changed over these revisions. The next revision for 2024 has not yet published a figure for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. However, Jai Nagar Extention - II is classified under the Gooduvancheri SRO. As of now, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Jai Nagar Extention - II

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Nagar Extention - II?

The Sub Registrar Office that covers Jai Nagar Extention - II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property transaction occurs, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jai Nagar Extention - II?

The current guideline value of Jai Nagar Extention - II is Rs 1,500 per sq.ft, as per the 2023 revision.

What is the land classification of Jai Nagar Extention - II?

Jai Nagar Extention - II is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Have there been any changes in the guideline value for Jai Nagar Extention - II?

There have been no changes in the guideline value for Jai Nagar Extention - II across the revisions. The only figure available is from the 2023 revision, which is Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for property in Jai Nagar Extention - II?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

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