Guideline Value for JBM DAKSHIN NAGAR

Jbm Dakshin Nagar guideline value

The current guideline value of Jbm Dakshin Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area 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 has changed

The guideline value for Jbm Dakshin Nagar has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 185 per sq.ft. It remained unchanged at Rs 800 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, indicating no change from 2023 to 2024. The overall increase from 2007 to 2024 is +332%.

There are no figures available for the revisions in 2012, 2017, 2003, and 2002 for this street. The substantial increase of 332% from 2007 to 2023 reflects the growth in the guideline value over the years.

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, with a median value of Rs 700 per sq.ft. The guideline value of Jbm Dakshin Nagar is above this median.

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

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 the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jbm Dakshin Nagar?

The Jbm Dakshin Nagar area is covered by 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 further assistance.

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 when buying or selling property in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. 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 Jbm Dakshin Nagar?

The current guideline value of Jbm Dakshin Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2007 to 2024, the guideline value has increased by 332%. The value was Rs 185 per sq.ft in 2007 and is Rs 800 per sq.ft in 2024.

What is the land classification of Jbm Dakshin Nagar?

Jbm Dakshin Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

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

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