Guideline Value for JEGAN NAGRA

Jegan Nagra guideline value

The current guideline value of Jegan Nagra is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Ariyanvoyal village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jegan Nagra has changed

The guideline value for Jegan Nagra has undergone several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 300 per sq.ft. In 2017, the value decreased to Rs 201 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 300 per sq.ft, followed by another increase to Rs 330 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value for Jegan Nagra.

• Jayalakshmi Nagar: Rs 440 per sq.ft (2024)
• Janaki Rathina Nagar: Rs 330 per sq.ft (2024)
• Kattur Road: Rs 330 per sq.ft (2024)
• Ganesh Nagar: Rs 330 per sq.ft (2024)
• K.R.K. Nagar: Rs 330 per sq.ft (2024)
• Elango Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Jegan Nagra

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegan Nagra?

The Sub Registrar Office that covers Jegan Nagra 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 Ariyanvoyal

The guideline value is an essential factor in the registration process when buying or selling property in Ariyanvoyal. 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 is used to assess the applicable charges. Buyers should be aware that the duty is calculated based on the higher of the guideline value or the actual sale price, ensuring compliance with the legal requirements of property transactions.

Frequently asked questions

What is the current guideline value of Jegan Nagra?

The current guideline value of Jegan Nagra is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the latest revision in 2024 increasing it to Rs 330 per sq.ft from Rs 300 per sq.ft in 2023. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What are the other streets in Ariyanvoyal with their guideline values?

Other streets in Ariyanvoyal include Jayalakshmi Nagar at Rs 440 per sq.ft, Janaki Rathina Nagar, Kattur Road, Ganesh Nagar, K.R.K. Nagar, and Elango Nagar, all at Rs 330 per sq.ft.

What is the stamp duty for property in Jegan Nagra?

The stamp duty for property in Jegan Nagra is 7% of the guideline value. For example, a property valued at Rs 3,30,000 would incur a stamp duty of Rs 23,100.

Where is the Sub Registrar Office for Jegan Nagra located?

The Sub Registrar Office for Jegan Nagra is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.