Guideline Value for JUPITER NAGAR

Jupiter Nagar guideline value

The current guideline value of Jupiter Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This locality is situated in Nattarasampattu village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Jupiter Nagar has changed

The guideline value for Jupiter Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 reflects a 0% increase, indicating stability in the guideline value over the last decade.

Guideline values in Nattarasampattu

Nattarasampattu village has 24 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 250 to Rs 700 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Jupiter Nagar's 2024 figure above that median.

• Jupiter Homes: Rs 500 per sq.ft (2024)
• Jayam Malar Nagar Phase-I: Rs 350 per sq.ft (2024)
• Golden Rain Avenue Phase-IX: Rs 500 per sq.ft (2024)
• Golden Rain Avenue Phase (I-VIII): Rs 500 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Jupiter Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jupiter Nagar?

The Sub Registrar Office covering Jupiter Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Nattarasampattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value will be used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jupiter Nagar?

The current guideline value of Jupiter Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 500 per sq.ft in both 2023 and 2024. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification of Jupiter Nagar?

Jupiter Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Jupiter Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft property would incur a total of Rs 45,000 in fees based on the current guideline value.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find more details through the provided link.