Guideline Value for JAI NAGAR PART.,I,II,III

Jai Nagar Part.,I,II,III guideline value

The current guideline value for Jai Nagar Part.,I,II,III is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Jai Nagar Part.,I,II,III has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft, which saw a decrease to Rs 419 per sq.ft in the 2017 revision. This marked a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft. The 2023 revision maintained this figure, and as of the 2024 revision, the guideline value remains unchanged at Rs 626 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value of Jai Nagar Part.,I,II,III.

• I.O.B. Colony: Rs 800 per sq.ft (2024)
• Indira Gandhi Salai: Rs 626 per sq.ft (2024)
• Indian Bank Nagar& Annex: Rs 626 per sq.ft (2024)
• Indian Bank Colony: Rs 626 per sq.ft (2024)
• Jothi Nagar: Rs 626 per sq.ft (2024)
• Hai Mathaji Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Nagar Part.,I,II,III

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jai Nagar Part.,I,II,III?

The Sub Registrar Office covering Jai Nagar Part.,I,II,III is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is assessed to ensure that the property is registered at an appropriate value, which in turn affects the overall costs associated with the transfer of ownership.

Frequently asked questions

What is the current guideline value for Jai Nagar Part.,I,II,III?

The current guideline value for Jai Nagar Part.,I,II,III is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 626 per sq.ft. It decreased from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, before increasing again to Rs 626 per sq.ft by 2023.

What are the stamp duty and registration fees for property in Jai Nagar Part.,I,II,III?

For a 1,000 sq.ft plot, the stamp duty is Rs 43,820 and the registration fee is Rs 12,520, totaling Rs 56,340 based on the current guideline value of Rs 6,26,000.

Which Sub Registrar Office covers Jai Nagar Part.,I,II,III?

The Tiruvallur Joint 1 Sub Registrar Office covers Jai Nagar Part.,I,II,III, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Jai Nagar Part.,I,II,III?

Jai Nagar Part.,I,II,III is classified as Residential Class II Type - III, indicating its designation for residential use within the region.