Guideline Value for Jaganatha Nagar

Jaganatha Nagar guideline value

The current guideline value of Jaganatha Nagar is Rs 2,420 per sq.ft. This area is located in Adayalampattu village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Jaganatha Nagar has changed

The guideline value for Jaganatha Nagar has seen several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 2,420 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a 49% increase in the guideline value, while the change from 2023 to 2024 was an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Adayalampattu

Adayalampattu village features 19 streets under the Chennai South Joint II SRO, with a 2024 guideline value range from Rs 1,650 to Rs 3,850 per sq.ft. The guideline value for Jaganatha Nagar matches the median value of Rs 2,420 per sq.ft.

• Guru Brindavan Garden: Rs 2,750 per sq.ft (2024)
• Kambar Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Kambar Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Kambar Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Kings Avenue: Rs 2,420 per sq.ft (2024)
• Kulakkarai Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganatha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, totaling Rs 2,17,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaganatha Nagar?

The Sub Registrar Office that covers Jaganatha Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adayalampattu. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Jaganatha Nagar?

The current guideline value of Jaganatha Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,420 per sq.ft in 2024.

What is the land classification for Jaganatha Nagar?

The land classification for Jaganatha Nagar is Residential Class I Type - II.

What is the range of guideline values in Adayalampattu?

The guideline values in Adayalampattu range from Rs 1,650 to Rs 3,850 per sq.ft, with Jaganatha Nagar's value being at the median of Rs 2,420 per sq.ft.

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

The Sub Registrar Office for Jaganatha Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.