Guideline Value for JSS NAGAR

Jss Nagar guideline value

The current guideline value of Jss Nagar is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village under the Sriperumpudur SRO and is classified as Residential Class II Type - II.

How the guideline value of Jss Nagar has changed

The guideline value for Jss Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 300 per sq.ft. This remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 448 per sq.ft, reflecting an overall increase of 49% from 2017 to 2024. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value remained stable at Rs 300 per sq.ft. However, the 2024 revision marked a significant increase of 49%, bringing the value to Rs 448 per sq.ft. The 2023 to 2024 revision showed no change, with the value remaining at Rs 448 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value in Ponthoor is Rs 300 per sq.ft, placing Jss Nagar's 2024 figure above this median.

• Jpm Republic Villa: Rs 2,239 per sq.ft (2024)
• Jemi Garden Avenue: Rs 402 per sq.ft (2024)
• JBM Garden: Rs 1,500 per sq.ft (2024)
• Jayanthi Nagar: Rs 402 per sq.ft (2024)
• Kanagambaram Poo Street: Rs 300 per sq.ft (2024)
• Iruvatchi Poo Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jss Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total cost for these fees to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jss Nagar?

The Sub Registrar Office that covers Jss Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponthoor. It establishes a baseline for the property’s value, which is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. This value is also essential for legal documentation and property taxation purposes.

Frequently asked questions

What is the current guideline value of Jss Nagar?

The current guideline value of Jss Nagar is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2017 to Rs 448 per sq.ft in 2024, marking a 49% increase overall. There were no changes in the 2023 revision.

What is the land classification of Jss Nagar?

Jss Nagar is classified as Residential Class II Type - II, indicating its use for residential purposes.

What are the other streets in Ponthoor with their guideline values?

Other streets in Ponthoor have varying guideline values, with figures ranging from Rs 200 to Rs 2,239 per sq.ft. This includes streets like Jpm Republic Villa at Rs 2,239 per sq.ft and Kanagambaram Poo Street at Rs 300 per sq.ft.

Where can I find the Sub Registrar Office for Jss Nagar?

The Sub Registrar Office for Jss Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the provided link.