Guideline Value for JBM DAKSHIN NAGAR PHASE II

Jbm Dakshin Nagar Phase II guideline value

The current guideline value of Jbm Dakshin Nagar Phase II is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Perumattu Nellore village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

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

The guideline value for Jbm Dakshin Nagar Phase II has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2024 revision, where it still stands at Rs 800 per sq.ft. The 2017 revision had a lower value of Rs 536 per sq.ft, marking a significant increase of 49% to Rs 800 per sq.ft by 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 800 per sq.ft. This indicates stability in the guideline value for this property over the last decade, despite fluctuations in previous years.

Guideline values in Perumattu Nellore

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

• Jbm Dakshin Nagar Phase I: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar Phase III: 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 II

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, charged at 7%, would be Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jbm Dakshin Nagar Phase II?

The Sub Registrar Office that covers Jbm Dakshin Nagar Phase II 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 critical factor in the registration process when buying or selling property in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the correct fees are collected. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

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

The current guideline value of Jbm Dakshin Nagar Phase II 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 at Rs 800 per sq.ft since the 2012 revision. It was Rs 536 per sq.ft in 2017, which increased by 49% to Rs 800 per sq.ft by 2023.

What are the guideline values for other streets in Perumattu Nellore?

Other streets in Perumattu Nellore have guideline values ranging from Rs 500 to Rs 2,850 per sq.ft, with a median value of Rs 700 per sq.ft.

What fees are associated with buying property in Jbm Dakshin Nagar Phase II?

When buying property in Jbm Dakshin Nagar Phase II, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 800 per sq.ft.

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

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