Guideline Value for JRK SCHOOL (N)

Jrk School (N) guideline value

The current guideline value for Jrk School (N) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. 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 seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure remained the same until the next revision in 2017, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,200 per sq.ft, a change of 49%. The most recent revision in 2024 set the guideline value at Rs 1,321 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Jrk School (N) is 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 660 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 660 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Johnshi Rani Street (Ward -8): Rs 1,321 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 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total charges to Rs 1,18,890. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Jrk School (N)?

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

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

The guideline value plays a crucial role in property transactions in Ninna Karai. It is the basis for calculating stamp duty and registration fees during the transfer of property ownership. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning and compliance with local regulations.

When a property is sold, the guideline value is compared to 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 correct revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for Jrk School (N) is Rs 1,321 per sq.ft, effective from 1 July 2024.

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 1,321 per sq.ft in 2024.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,18,890, calculated based on the guideline value of Rs 13,21,000.

Which Sub Registrar Office covers Jrk School (N)?

The Chengleput Joint II Sub Registrar Office covers Jrk School (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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.