Guideline Value for JAVAHAR NAGAR

Javahar Nagar guideline value

The current guideline value of Javahar Nagar, located in Perumpakkam village under the Tiruvallur Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Javahar Nagar has changed

The guideline value for Javahar Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumpakkam

In Perumpakkam village, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 680 to Rs 1,650 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing the 2024 guideline value for Javahar Nagar above this median.

• J.J. Nagar: Rs 770 per sq.ft (2024)
• Golden Avenue: Rs 1,650 per sq.ft (2024)
• K.K. Nagar: Rs 680 per sq.ft (2024)
• Kohinur Avenue: Rs 770 per sq.ft (2024)
• K.V.L. Garden: Rs 770 per sq.ft (2024)
• B.V.Anandam Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Javahar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Javahar Nagar?

The Sub Registrar Office that covers Javahar Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perumpakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Javahar Nagar?

The current guideline value of Javahar Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 64% over the period.

What is the median guideline value for streets in Perumpakkam?

The median guideline value for the 17 streets in Perumpakkam under the Tiruvallur Joint 1 SRO is Rs 770 per sq.ft.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Javahar Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Javahar Nagar, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.