Guideline Value for Jagadees nagar

Jagadees nagar guideline value

The current guideline value of Jagadees Nagar in Puthagaram village is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur SRO and is classified as Residential Class II Type - I.

How the guideline value of Jagadees nagar has changed

The guideline value for Jagadees Nagar has undergone several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. The value then saw a significant increase of 49% to Rs 1,500 per sq.ft in 2023, and further rose by 7% to the current rate of Rs 1,600 per sq.ft in 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, placing Jagadees Nagar's 2024 figure below that median.

• Indira Nagar Extention 1st Street: Rs 3,800 per sq.ft (2024)
• Indira Nagar extention: Rs 2,201 per sq.ft (2024)
• Janagiram Nagar: Rs 1,600 per sq.ft (2024)
• Indira Nagar: Rs 2,201 per sq.ft (2024)
• Jaya Nagar: Rs 1,600 per sq.ft (2024)
• Jayaram Nager: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jagadees nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total charges Rs 1,44,000. 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 details.

Which Sub Registrar Office covers Jagadees nagar?

The Sub Registrar Office that covers Jagadees Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puthagaram. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is considered for calculating the stamp duty and registration fees, which are mandatory for completing the transaction.

Frequently asked questions

What is the current guideline value of Jagadees Nagar?

The current guideline value of Jagadees Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification of Jagadees Nagar?

Jagadees Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Jagadees Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Jagadees Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.