Guideline Value for Jagadeeswari Nagar Extn.

Jagadeeswari Nagar Extn. guideline value

The current guideline value of Jagadeeswari Nagar Extn., Pothur village, under the Redhills SRO is Rs 440 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jagadeeswari Nagar Extn. has changed

The guideline value for Jagadeeswari Nagar Extn. has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. The value rose significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The value then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value in Pothur is Rs 550 per sq.ft, making the current value of Jagadeeswari Nagar Extn. below this median.

• Jagedeswari Nagar: Rs 550 per sq.ft (2024)
• Jageshwari Nagar: Rs 550 per sq.ft (2024)
• Jai Jalaram Nagar: Rs 550 per sq.ft (2024)
• Indra Nagar: Rs 440 per sq.ft (2024)
• Jansi Nagar: Rs 440 per sq.ft (2024)
• Indhirani Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jagadeeswari Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jagadeeswari Nagar Extn.?

The Sub Registrar Office covering Jagadeeswari Nagar Extn. is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Pothur. It is used to determine the stamp duty and registration fees that are required when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jagadeeswari Nagar Extn.?

The current guideline value of Jagadeeswari Nagar Extn. is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting a total increase of 120% over the years.

What are the other streets with guideline values in Pothur?

Other streets in Pothur include Jagedeswari Nagar, Jageshwari Nagar, Jai Jalaram Nagar, Indra Nagar, Jansi Nagar, and Indhirani Nagar, with values ranging from Rs 440 to Rs 550 per sq.ft in 2024.

What is the stamp duty rate for property in Jagadeeswari Nagar Extn.?

The stamp duty rate for property transactions in Jagadeeswari Nagar Extn. is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jagadeeswari Nagar Extn.?

The Sub Registrar Office for Jagadeeswari Nagar Extn. is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.