Guideline Value for JOY CITY IN JEEVAN NAGAR

Joy City In Jeevan Nagar guideline value

The current guideline value of Joy City In Jeevan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class IV Type - II.

How the guideline value of Joy City In Jeevan Nagar has changed

Looking at the revisions, the guideline value for Joy City In Jeevan Nagar was Rs 300 per sq.ft in both the 2023 and 2024 revisions. The previous revision in 2017 recorded a value of Rs 201 per sq.ft, indicating a significant increase of 49% over the six-year period. The 2012 revision also had a guideline value of Rs 300 per sq.ft, which shows a decrease of 33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 300 per sq.ft, reflecting no change over this twelve-year span. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Joy City In Jeevan Nagar's 2024 guideline value is below this median.

• Kacheri Street: Rs 1,500 per sq.ft (2024)
• Kailasanadhar Kiol Street: Rs 900 per sq.ft (2024)
• Kailasanadhar Koil North Street: Rs 900 per sq.ft (2024)
• Kailasanadhar Koil South Street: Rs 900 per sq.ft (2024)
• kakanalloor Palla Street: Rs 300 per sq.ft (2024)
• Kakanalloor Road Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Joy City In Jeevan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the 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 Joy City In Jeevan Nagar?

The Joy City In Jeevan Nagar area falls under 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 Uthiramerur

The guideline value is a crucial factor when buying or selling property in Uthiramerur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately in the official records.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Joy City In Jeevan Nagar?

The current guideline value of Joy City In Jeevan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in both the 2023 and 2024 revisions. It increased from Rs 201 per sq.ft in 2017, showing a 49% rise, but has not changed overall from the 2012 revision.

What is the registration office for Joy City In Jeevan Nagar?

The Uthiramerur Sub Registrar Office covers Joy City In Jeevan Nagar, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated in Uthiramerur?

Stamp duty in Uthiramerur is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.

What are the guideline values for other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values. For instance, Kacheri Street has a guideline value of Rs 1,500 per sq.ft, while several streets, including kakanalloor Palla Street, are valued at Rs 300 per sq.ft.