Guideline Value for JAI NAGAR

Jai Nagar guideline value

The current guideline value of Jai Nagar, located in Kumili village under the Thiruporur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - IV land classification.

How the guideline value of Jai Nagar has changed

Since the 2017 revision, the guideline value for Jai Nagar has remained consistent at Rs 1,000 per sq.ft through the 2023 and 2024 revisions, reflecting no changes over this period. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, the guideline value has been stable at Rs 1,000 per sq.ft since the 2017 revision, with the 2024 revision maintaining this figure. The overall change from 2017 to 2024 is +0%.

Guideline values in Kumili

In Kumili, there are 21 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Jai Nagar is above this median.

• Hillside Auro Nagar - Shri Ganesha Avenue Extn.: Rs 200 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue: Rs 200 per sq.ft (2024)
• Hill Side Auro Nagar Extension -1: Rs 250 per sq.ft (2024)
• Hill Side Auro Nagar: Rs 250 per sq.ft (2024)
• Kirithik Garden Part -II: Rs 1,000 per sq.ft (2024)
• Kirthik Garden: Rs 400 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Nagar?

The Jai Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kumili, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the guideline value, as it affects the overall cost involved in the transaction. Accurate knowledge of the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Jai Nagar?

The current guideline value of Jai Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,000 per sq.ft since the 2017 revision, with no changes noted in the revisions for 2023 and 2024.

What is the land classification of Jai Nagar?

Jai Nagar is classified as Residential Special Type - IV, which indicates its designated use for residential purposes.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated in Jai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,000 per sq.ft incurs a stamp duty of Rs 70,000.