Guideline Value for JAI NAGAR

Jai Nagar guideline value

The current guideline value for Jai Nagar, located in Thachoor_2 village under the Ponneri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Jai Nagar has changed

According to the guideline value register, there are no figures for Jai Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 600 per sq.ft in the 2023 revision, and it remains the same in the 2024 revision, showing no percentage change between these two years.

The 2024 revision marks the most recent update, maintaining the guideline value at Rs 600 per sq.ft. This consistency indicates stability in the valuation for this street over the last two years.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft. The median guideline value for this area is Rs 600 per sq.ft, making Jai Nagar's 2024 figure equal to this median.

• Illaihi Nagar: Rs 400 per sq.ft (2024)
• Gorti Green Garden: Rs 400 per sq.ft (2024)
• Ganesh Garden: Rs 800 per sq.ft (2024)
• Kandan Nagar: Rs 800 per sq.ft (2024)
• K.P.K. Nagar: Rs 202 per sq.ft (2024)
• Kumaran Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Nagar?

The Sub Registrar Office that covers Jai Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value plays a crucial role in the registration process of property transactions in Thachoor_2. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are essential for completing the transaction legally.

Frequently asked questions

What is the current guideline value for Jai Nagar?

The current guideline value for Jai Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jai Nagar was Rs 600 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Jai Nagar?

The land classification for Jai Nagar is Residential Special Type - II, which indicates its designated use for residential purposes.

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

For a property valued at Rs 6,00,000 in Jai Nagar, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jai Nagar located?

The Sub Registrar Office that covers Jai Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.