Guideline Value for JOHNY NAGAR

Johny Nagar guideline value

The current guideline value of Johny Nagar, located in Piralayambakkam village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Johny Nagar has changed

The guideline value for Johny Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 100 per sq.ft. The most recent 2024 revision has maintained this value at Rs 100 per sq.ft, reflecting no change from the previous year.

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

Guideline values in Piralayambakkam

Piralayambakkam village has five streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median of Rs 100 per sq.ft. Johny Nagar's 2024 figure matches this median value.

• Guru Garden: Rs 100 per sq.ft (2024)
• Annai Gomathy Nagar: Rs 100 per sq.ft (2024)
• B.I.City: Rs 300 per sq.ft (2024)
• B I City Phase-I: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Johny Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, totaling Rs 7,000, while the registration fee is charged at 2%, amounting to Rs 2,000. Together, the total cost for stamp duty and registration fee is Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Johny Nagar?

The Sub Registrar Office that covers Johny Nagar 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 Piralayambakkam

The guideline value is a crucial factor when registering property transactions in Piralayambakkam. 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 used to calculate the applicable fees, ensuring that the registration process is compliant with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Johny Nagar?

The current guideline value of Johny Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What other streets have guideline values in Piralayambakkam?

Other streets in Piralayambakkam include Guru Garden and Annai Gomathy Nagar, both at Rs 100 per sq.ft, and B.I.City and B I City Phase-I, both at Rs 300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Johny Nagar?

The stamp duty for a property in Johny Nagar is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 9,000.

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

The Sub Registrar Office for Johny Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.