Guideline Value for JBM DAKSHIN NAGAR PHASE III

Jbm Dakshin Nagar Phase III guideline value

The current guideline value of Jbm Dakshin Nagar Phase III is Rs 800 per sq.ft. This property is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Jbm Dakshin Nagar Phase III has changed

The guideline value for Jbm Dakshin Nagar Phase III has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was set at Rs 800 per sq.ft. In 2017, it decreased to Rs 536 per sq.ft, reflecting a change of -33%. However, by the 2023 revision, the value returned to Rs 800 per sq.ft, and it remained unchanged in the 2024 revision, which is also Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the 2017 and 2023 revisions, there was a significant increase of 49%, bringing the value back to the 2012 level. Overall, from 2012 to 2024, the guideline value has remained stable, showing a change of +0% during this period.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Jbm Dakshin Nagar Phase III's 2024 figure above this median.

• Jbm Dakshin Nagar Phase II: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar Phase I: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar: Rs 800 per sq.ft (2024)
• Janakipuram: Rs 700 per sq.ft (2024)
• Islath Nagar: Rs 500 per sq.ft (2024)
• Kanga Puram: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Jbm Dakshin Nagar Phase III

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jbm Dakshin Nagar Phase III?

The Sub Registrar Office that covers Jbm Dakshin Nagar Phase III is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perumattu Nellore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jbm Dakshin Nagar Phase III?

The current guideline value of Jbm Dakshin Nagar Phase III is Rs 800 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 800 per sq.ft since 2012, with a decrease to Rs 536 per sq.ft in 2017, before returning to Rs 800 per sq.ft in 2023 and 2024.

What is the land classification for Jbm Dakshin Nagar Phase III?

Jbm Dakshin Nagar Phase III is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for Jbm Dakshin Nagar Phase III?

The Sub Registrar Office for Jbm Dakshin Nagar Phase III is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Jbm Dakshin Nagar Phase III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.