Guideline Value

Corporate

Guideline Value for JEGA NAGAR

₹1320/sq.ft.

The guideline value for Jega Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹126 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹107 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jega Nagar

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Jega Nagar guideline value

The current guideline value of Jega Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Jega Nagar has changed

The guideline value for Jega Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 107 per sq.ft. This value increased to Rs 126 per sq.ft in 2003, marking an increase of approximately 18%. The following revisions saw significant jumps, with the value rising to Rs 400 per sq.ft in 2007, which was a 217% increase. However, there was a decrease to Rs 1,200 per sq.ft in 2012, reflecting a decline of 33% from the previous revision.

In the subsequent years, the guideline value continued to rise, reaching Rs 804 per sq.ft in 2017, which was a 49% increase from the 2012 figure. The value further increased to Rs 1,200 per sq.ft in 2023, before the latest revision brought it to Rs 1,320 per sq.ft in 2024, a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,134%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Jega Nagar's 2024 figure below the median.

Stamp duty and registration fee for property in Jega Nagar

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

Which Sub Registrar Office covers Jega Nagar?

The Sub Registrar Office covering Jega Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the higher of the guideline value and the sale price is used to calculate the stamp duty and registration fees.

During the registration process, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers should be aware of the guideline value in their area to understand the financial implications of their property purchase.

Frequently asked questions

What is the current guideline value of Jega Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 107 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, showing a significant overall increase of 1,134%.

What is the registration office for Jega Nagar?

The registration office for Jega Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated in Jega Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.

What are other streets in Pallikaranai and their guideline values?

Other streets in Pallikaranai include Jeeva Nagar Main St, J.J. Nagar, and Jeeva Nagar 2nd Street, with guideline values ranging from Rs 1,650 to Rs 2,200 per sq.ft in 2024.