Guideline Value for JRK SCHOOL (N)

Jrk School (N) guideline value

The current guideline value for Jrk School (N) in Sattamangalam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area 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. The earliest recorded figure is from the 2012 revision at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,200 per sq.ft, and the latest 2024 revision has set the value at Rs 1,320 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes are notable. From 2017 to 2023, there was a significant increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing the Jrk School (N) street's 2024 figure 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 amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jrk School (N)?

The Jrk School (N) area is covered by 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 Sattamangalam

The guideline value plays a crucial role during the registration of property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and 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 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 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 rates for property in Jrk School (N)?

The stamp duty for property in Jrk School (N) is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Chengleput Joint II Sub Registrar Office located?

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