Guideline Value for JPM NAGAR

Jpm Nagar guideline value

The current guideline value of Jpm Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Nelllikuppam village under the Thiruporur Sub Registrar Office (SRO) and is classified as Mixed Special Type - I.

How the guideline value of Jpm Nagar has changed

The guideline value for Jpm Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged in the 2023 revision. As of the 2024 revision, the guideline value stands at Rs 1,200 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Notably, there were no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision saw no change, maintaining the guideline value at Rs 1,200 per sq.ft.

Guideline values in Nelllikuppam

Nelllikuppam comprises 45 streets under the Thiruporur SRO, with 2024 guideline values ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value for the village is Rs 1,000 per sq.ft, positioning Jpm Nagar's 2024 figure above this median.

• Harini City's - The Palace Phase II: Rs 804 per sq.ft (2024)
• Harini City's The Palace: Rs 804 per sq.ft (2024)
• Harani City: Rs 1,000 per sq.ft (2024)
• Green City: Rs 1,600 per sq.ft (2024)
• Krishna Garden: Rs 1,200 per sq.ft (2024)
• Eswaran Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Jpm Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jpm Nagar?

The Jpm Nagar area falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To locate your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Nelllikuppam, as it determines the minimum value at which properties can be registered. This value is essential for calculating stamp duty and registration fees, ensuring that all transactions comply with local regulations.

When buying or selling property, the guideline value is referenced to ascertain the applicable fees and taxes. Buyers must be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jpm Nagar?

The current guideline value of Jpm Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking a 49% increase. The value remained unchanged at Rs 1,200 per sq.ft from 2023 to 2024.

What are the other streets in Nelllikuppam and their guideline values?

There are several other streets in Nelllikuppam with varying guideline values, ranging from Rs 400 to Rs 1,600 per sq.ft. Jpm Nagar's value is above the median of Rs 1,000 per sq.ft for the village.

What fees are associated with buying property in Jpm Nagar?

When purchasing property in Jpm Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles all registrations for properties in Jpm Nagar.