Guideline Value for JH NAGAR

Jh Nagar guideline value

The current guideline value of Jh Nagar, located in Grandlyon village under the Redhills SRO, is Rs 800 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Jh Nagar has changed

Since the 2002 revision, the guideline value register has no figures for Jh Nagar for the years 2002, 2003, 2007, and 2012. The first recorded figure is from the 2017 revision, which set the value at Rs 800 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, indicating a consistent guideline value of Rs 800 per sq.ft across these years.

From 2017 to 2023, there was no change in the guideline value, and the same applies from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has remained at Rs 800 per sq.ft, showing no increase or decrease during this period.

Guideline values in Grandlyon

In Grandlyon, there are 82 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Jh Nagar's 2024 figure above this median.

• Jamuna Nagar: Rs 440 per sq.ft (2024)
• Kalaivanar Street: Rs 660 per sq.ft (2024)
• Kalikambal Nagar: Rs 440 per sq.ft (2024)
• Iswariya Nagar: Rs 440 per sq.ft (2024)
• Kamarajar Street: Rs 660 per sq.ft (2024)
• Indra Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty is charged at 7%, amounting to Rs 56,000, and the registration fee is charged at 2%, amounting to Rs 16,000. Together, the total fees would be Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jh Nagar?

The Sub Registrar Office that covers Jh Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Grandlyon. It is used to determine the stamp duty and registration fees that are payable at the time of registration, ensuring that these fees are based on the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for these costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Jh Nagar?

The current guideline value of Jh Nagar is Rs 800 per sq.ft, effective from the 2024 revision.

How has the guideline value of Jh Nagar changed over the years?

The guideline value has remained at Rs 800 per sq.ft since the 2017 revision, with no changes noted in the revisions of 2023 and 2024.

What is the land classification for Jh Nagar?

The land classification for Jh Nagar is Residential Special Type - III.

What are the stamp duty and registration fees for a property in Jh Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,000.

Where is the Sub Registrar Office for Jh Nagar located?

The Sub Registrar Office for Jh Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.