Guideline Value for JSSR SAI KRUPA NAGAR

Jssr Sai Krupa Nagar guideline value

The current guideline value of Jssr Sai Krupa Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Nedunkumdram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class II Type - IV.

How the guideline value of Jssr Sai Krupa Nagar has changed

The guideline value for Jssr Sai Krupa Nagar has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,000 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the earlier years mentioned. The most recent value of Rs 3,300 per sq.ft is now above the median value of Rs 2,200 per sq.ft for the 75 streets in Nedunkumdram under the Tambaram Joint 1 SRO.

Guideline values in Nedunkumdram

Nedunkumdram village has a range of guideline values for its streets, with figures from Rs 330 to Rs 5,300 per sq.ft. Jssr Sai Krupa Nagar's 2024 figure of Rs 3,300 per sq.ft is above the median value of Rs 2,200 per sq.ft. The following are the guideline values for other streets in Nedunkumdram:

• J V C Samuvel Nagar: Rs 440 per sq.ft (2024)
• J.J.S Garden Phase II: Rs 3,300 per sq.ft (2024)
• J.J.S Garden: Rs 2,200 per sq.ft (2024)
• J.J.S 2nd Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S 1st Avenue: Rs 3,960 per sq.ft (2024)
• Jayaram Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jssr Sai Krupa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jssr Sai Krupa Nagar?

The Sub Registrar Office that covers Jssr Sai Krupa Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor during the registration process when buying or selling property in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jssr Sai Krupa Nagar?

The current guideline value of Jssr Sai Krupa Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting an increase of +10%.

What is the land classification of Jssr Sai Krupa Nagar?

Jssr Sai Krupa Nagar is classified as Residential Class II Type - IV.

Where can I find the registration office for Jssr Sai Krupa Nagar?

The registration office for Jssr Sai Krupa Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated in Jssr Sai Krupa Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.