Guideline Value for Jageshwari Nagar

Jageshwari Nagar guideline value

The current guideline value of Jageshwari Nagar, located in Pothur village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Jageshwari Nagar has changed

Over the years, the guideline value of Jageshwari Nagar has seen several revisions. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 500 per sq.ft, followed by the current value of Rs 550 per sq.ft from 2024, reflecting a 10% rise from the previous year.

In summary, the changes in the guideline value from 2007 to 2024 show an overall increase of 83%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,000 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current guideline value of Jageshwari Nagar.

• Jagedeswari Nagar: Rs 550 per sq.ft (2024)
• Jai Jalaram Nagar: Rs 550 per sq.ft (2024)
• Jagadeeswari Nagar Extn.: Rs 440 per sq.ft (2024)
• Jansi Nagar: Rs 440 per sq.ft (2024)
• Indra Nagar: Rs 440 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jageshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jageshwari Nagar?

The Sub Registrar Office that covers Jageshwari Nagar 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 details.

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. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Additionally, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the value of the property and ensures transparency in the registration process, making it easier for parties involved to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Jageshwari Nagar?

The current guideline value of Jageshwari Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, showing an overall increase of 83% over the years.

What are the other streets in Pothur with similar guideline values?

Other streets in Pothur with similar guideline values include Jagedeswari Nagar and Jai Jalaram Nagar, both at Rs 550 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Jageshwari Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office handles registrations for Jageshwari Nagar?

The Redhills Sub Registrar Office handles registrations for Jageshwari Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.