Guideline Value for JRK SCHOOL (N)

Jrk School (N) guideline value

The current guideline value for Jrk School (N) in Kattankollatur village is Rs 1,320 per sq.ft, effective from the 2024 revision. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Jrk School (N) has changed

The guideline value for Jrk School (N) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision raised it further to Rs 1,320 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing the Jrk School (N) guideline value above this median.

• J P Watch Man (Per): Rs 660 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Johnshi Rani Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jrk School (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Jrk School (N)?

The Sub Registrar Office that covers Jrk School (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Jrk School (N)?

The current guideline value for Jrk School (N) is Rs 1,320 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Jrk School (N)?

Jrk School (N) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for a property in Jrk School (N)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 92,400, and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Jrk School (N) located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.