Guideline Value for Jaggarkan nagar

Jaggarkan nagar guideline value

The current guideline value of Jaggarkan nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this street is Residential Class V Type - I.

How the guideline value of Jaggarkan nagar has changed

The guideline value for Jaggarkan nagar has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 200 per sq.ft, which increased dramatically to Rs 900 per sq.ft in the 2012 revision, marking a rise of 350%. The most recent revision in 2024 set the value at Rs 990 per sq.ft, reflecting a 10% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 395%. It is important to note that there are no figures available for the years 2002, 2003, 2017, and 2023 for Jaggarkan nagar.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Jaggarkan nagar's 2024 figure of Rs 990 per sq.ft is below this median.

• Jai Santosh Nagar: Rs 1,600 per sq.ft (2024)
• Jak Nagar: Rs 3,800 per sq.ft (2024)
• Jak Nagar (Annai Therasa Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Bharathiyar Street): Rs 3,800 per sq.ft (2024)
• Jak nagar Extn. Phase II: Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kakkan Street): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jaggarkan nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that 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 more details.

Which Sub Registrar Office covers Jaggarkan nagar?

The Sub Registrar Office that covers Jaggarkan nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the sale price is compared with the guideline value, 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 Jaggarkan nagar?

The current guideline value of Jaggarkan nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, and then to Rs 990 per sq.ft in 2024. The overall increase from 2007 to 2024 is 395%.

What is the land classification for Jaggarkan nagar?

Jaggarkan nagar is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for Jaggarkan nagar?

The Sub Registrar Office for Jaggarkan nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Jaggarkan nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 9,90,000 would incur a stamp duty of Rs 69,300 at 7%.