Guideline Value for JMR Nagar

JMR Nagar guideline value

The current guideline value of JMR Nagar is Rs 251 per sq.ft, effective from 1 July 2024. This area is located in Mangalam village and falls under the Uthiramerur SRO, classified as Residential Class III Type - III.

How the guideline value of JMR Nagar has changed

According to the guideline value register, there have been several revisions for JMR Nagar. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 251 per sq.ft in both 2023 and the 2024 revision, indicating no change between these two years.

With the 2024 revision, the guideline value remains consistent at Rs 251 per sq.ft, the same as it was in the 2023 revision. This stability reflects a steady valuation for JMR Nagar over the past two years.

Guideline values in Mangalam

In Mangalam, there are four streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 180 to Rs 300 per sq.ft, with a median value of Rs 216 per sq.ft. The guideline value of JMR Nagar is above this median.

• Sri Mangalam Town: Rs 180 per sq.ft (2024)
• Dev Enterprises: Rs 180 per sq.ft (2024)
• Periyandavar Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in JMR Nagar

For a 1,000 sq.ft plot at the current rate of Rs 251 per sq.ft, the guideline value amounts to Rs 2,51,000. The stamp duty at 7% would be Rs 17,570, and the registration fee at 2% would be Rs 5,020, bringing the total to Rs 22,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers JMR Nagar?

The Sub Registrar Office that covers JMR Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered alongside the sale price, with the higher amount being used to calculate the necessary duties and fees. This ensures that all transactions are fairly assessed based on the established values in the locality.

Frequently asked questions

What is the current guideline value of JMR Nagar?

The current guideline value of JMR Nagar is Rs 251 per sq.ft, effective from 1 July 2024.

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

The guideline value for JMR Nagar has remained at Rs 251 per sq.ft for the revisions in 2023 and 2024, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Mangalam?

Other streets in Mangalam have varying guideline values, with Sri Mangalam Town and Dev Enterprises at Rs 180 per sq.ft, and Periyandavar Nagar at Rs 300 per sq.ft for 2024.

How is stamp duty calculated for properties in JMR Nagar?

Stamp duty for properties in JMR Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,51,000 incurs a stamp duty of Rs 17,570 at 7%.

Where can I find the Sub Registrar Office for JMR Nagar?

The Sub Registrar Office for JMR Nagar is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.