Guideline Value for Jagathguru Jeyandrar Nagar

Jagathguru Jeyandrar Nagar guideline value

The current guideline value of Jagathguru Jeyandrar Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Jagathguru Jeyandrar Nagar has changed

Since the 2017 revision, the guideline value for Jagathguru Jeyandrar Nagar has increased from Rs 469 per sq.ft to Rs 700 per sq.ft in 2024, marking a total increase of 49%. The 2023 revision maintained the same guideline value of Rs 700 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The guideline value was Rs 469 per sq.ft in 2017, and it has remained at Rs 700 per sq.ft since 2023, indicating stability in the recent years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value of Jagathguru Jeyandrar Nagar.

• Jashwin Nagar: Rs 1,000 per sq.ft (2024)
• Iswarya Nagar: Rs 1,200 per sq.ft (2024)
• Jayabutha Vinayakar Nagar: Rs 700 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Irular Colony: Rs 400 per sq.ft (2024)
• jayasri Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jagathguru Jeyandrar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Please 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 precise calculations.

Which Sub Registrar Office covers Jagathguru Jeyandrar Nagar?

The Sub Registrar Office covering Jagathguru Jeyandrar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. This value is used to calculate the necessary fees and taxes associated with the property transfer.

Frequently asked questions

What is the current guideline value of Jagathguru Jeyandrar Nagar?

The current guideline value of Jagathguru Jeyandrar Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2024, marking a total increase of 49%. The value remained unchanged between 2023 and 2024.

What is the land classification for Jagathguru Jeyandrar Nagar?

Jagathguru Jeyandrar Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 7,00,000 would incur a total fee of Rs 63,000.

Where can I find the Sub Registrar Office for Jagathguru Jeyandrar Nagar?

The Sub Registrar Office for Jagathguru Jeyandrar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details about your SRO online.