Guideline Value for JERUSALAM NAGAR

Jerusalam Nagar guideline value

The current guideline value of Jerusalam Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Jerusalam Nagar has changed

The guideline value for Jerusalam Nagar has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft, which has remained the same through the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. As of the 2024 revision, the guideline value stands at Rs 600 per sq.ft, which is equal to the median value of Rs 600 per sq.ft for the 58 streets in Kolathur under the Chengleput Joint II SRO.

Guideline values in Kolathur

In Kolathur, the guideline values for various streets range from Rs 500 to Rs 1,600 per sq.ft, with the median value being Rs 600 per sq.ft. Jerusalam Nagar's 2024 guideline value aligns with this median.

• Jayam Nagar: Rs 600 per sq.ft (2024)
• J.P.Jai Residency: Rs 700 per sq.ft (2024)
• Jawhars Emerald Garden: Rs 600 per sq.ft (2024)
• Iniya Nagar: Rs 800 per sq.ft (2024)
• Kamadhenu Avenue: Rs 700 per sq.ft (2024)
• Green Hill Avenue: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Jerusalam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jerusalam Nagar?

The Sub Registrar Office that covers Jerusalam Nagar 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased.

When buyers and sellers engage in a transaction, they must adhere to the guideline value set by the registration department, ensuring that the appropriate fees are calculated based on this value. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Jerusalam Nagar?

The current guideline value of Jerusalam Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a drop to Rs 402 per sq.ft in 2017 and a subsequent increase of 49% up to 2023.

What is the land classification of Jerusalam Nagar?

Jerusalam Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II SRO?

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

How is stamp duty calculated for properties in Jerusalam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.