Guideline Value for Jagadeesh Nagar

Jagadeesh Nagar guideline value

The current guideline value of Jagadeesh Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Residential Special Type - I. The relevant Sub Registrar Office (SRO) for this locality is the Gooduvancheri SRO.

How the guideline value of Jagadeesh Nagar has changed

Over the years, the guideline value of Jagadeesh Nagar has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, representing a decline of 33%. The most recent revision in 2023 restored the value to Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 200%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

While there are no specific village figures provided for Urapakkam, Jagadeesh Nagar's current guideline value is Rs 1,200 per sq.ft. There are no other streets in Urapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Jagadeesh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jagadeesh Nagar?

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

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

The guideline value is a crucial factor during the registration of property transactions in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jagadeesh Nagar?

The current guideline value of Jagadeesh Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What is the classification of land in Jagadeesh Nagar?

Jagadeesh Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Jagadeesh Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft would incur a stamp duty of Rs 84,000.