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Guideline Value

Corporate

Guideline Value for JAMBUGESWARA NAGAR (Kovil Land)

₹1600/sq.ft.

The guideline value for Jambugeswara Nagar (kovil Land) in Korattur village (Villivakkam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jambugeswara Nagar (kovil Land)

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JAMBUGESWARA NAGAR (Kovil Land) guideline value

The current guideline value of JAMBUGESWARA NAGAR (Kovil Land) is Rs 1,600 per sq.ft, effective from 1 July 2024. This property is located in Korattur village under the Villivakkam Sub Registrar Office (SRO) and is classified as Residential Class III Type - III.

How the guideline value of JAMBUGESWARA NAGAR (Kovil Land) has changed

The guideline value for JAMBUGESWARA NAGAR has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following that, the value increased to Rs 1,500 per sq.ft in 2023, and finally, it rose to Rs 1,600 per sq.ft in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 7% in the guideline value per sq.ft.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing JAMBUGESWARA NAGAR (Kovil Land) below the median.

Stamp duty and registration fee for property in JAMBUGESWARA NAGAR (Kovil Land)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. It is important to 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 JAMBUGESWARA NAGAR (Kovil Land)?

The Sub Registrar Office that covers JAMBUGESWARA NAGAR (Kovil Land) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Korattur. It is used to determine the stamp duty and registration fees that need to be paid during the registration of the property.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that all parties involved are aware of the official value assigned to the property.

Frequently asked questions

What is the current guideline value of JAMBUGESWARA NAGAR (Kovil Land)?

The current guideline value of JAMBUGESWARA NAGAR (Kovil Land) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for JAMBUGESWARA NAGAR (Kovil Land)?

JAMBUGESWARA NAGAR (Kovil Land) is classified as Residential Class III Type - III.

Where can I find the Sub Registrar Office for JAMBUGESWARA NAGAR?

The Sub Registrar Office for JAMBUGESWARA NAGAR is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in JAMBUGESWARA NAGAR?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would have a total guideline value of Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.