Guideline Value for Jai Krishna Nagar Annexe

Jai Krishna Nagar Annexe guideline value

The current guideline value of Jai Krishna Nagar Annexe is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Puthuper village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Jai Krishna Nagar Annexe has changed

The guideline value for Jai Krishna Nagar Annexe has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft.

The 2023 revision also maintained the guideline value at Rs 400 per sq.ft, which will continue into the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Puthuper

In Puthuper village, there are 39 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,350 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which aligns with the current rate for Jai Krishna Nagar Annexe.

• Jai Krishna Nagar: Rs 400 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 per sq.ft (2024)
• Kalaignar Street: Rs 200 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 400 per sq.ft (2024)
• Kamatchi Nagar Annex: Rs 400 per sq.ft (2024)
• Kanniamman Koil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Krishna Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. 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 Jai Krishna Nagar Annexe?

The Sub Registrar Office that covers Jai Krishna Nagar Annexe 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 Puthuper

When buying or selling property in Puthuper, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is set by the state government and serves as a benchmark for property transactions.

At the time of registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Jai Krishna Nagar Annexe?

The current guideline value for Jai Krishna Nagar Annexe is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions, with the most recent being Rs 400 per sq.ft in both 2023 and 2024. The value was Rs 268 per sq.ft in 2017, which was a decrease from Rs 400 per sq.ft in 2012.

What are the other streets in Puthuper and their guideline values?

Other streets in Puthuper include Jai Krishna Nagar, Indira Gandhi Street, Kalaignar Street, Kamatchi Amman Nagar, Kamatchi Nagar Annex, and Kanniamman Koil Street, with guideline values ranging from Rs 200 to Rs 400 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Jai Krishna Nagar Annexe?

The Sub Registrar Office for Jai Krishna Nagar Annexe is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Jai Krishna Nagar Annexe?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to stamp duty and registration fees as detailed above.