Guideline Value for JAWAHAR NAGAR

Jawahar Nagar guideline value

The current guideline value of Jawahar Nagar, located in Minjur village under the Ponneri SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jawahar Nagar has changed

The guideline value for Jawahar Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Jawahar Nagar's 2024 figure above this median.

• Janakirathina Nagar Bazzar: Rs 1,320 per sq.ft (2024)
• Janakirathina Nagar: Rs 1,320 per sq.ft (2024)
• Jayaram Nagar: Rs 440 per sq.ft (2024)
• Jahajeevan Ram Street: Rs 550 per sq.ft (2024)
• Jahajeevan Ram Cross Street: Rs 550 per sq.ft (2024)
• Jeevanandam Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jawahar Nagar?

The Sub Registrar Office that covers Jawahar 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 Minjur

The guideline value is a crucial factor in the registration process of property transactions in Minjur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable fees, ensuring that the government receives the correct amount based on the property's valuation.

Frequently asked questions

What is the current guideline value of Jawahar Nagar?

The current guideline value of Jawahar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Jawahar Nagar?

The land classification for Jawahar Nagar is Residential Special Type - I.

Where can I find the Sub Registrar Office for Jawahar Nagar?

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

How are stamp duty and registration fees calculated in Minjur?

Stamp duty and registration fees in Minjur are calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for the registration fee.