Guideline Value for Jai Krishna Nagar

Jai Krishna Nagar guideline value

The current guideline value of Jai Krishna Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This residential area is located in Puthuper village under the Sriperumpudur SRO, Chengalpattu zone, Tamil Nadu.

How the guideline value of Jai Krishna Nagar has changed

The guideline value for Jai Krishna Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 235 per sq.ft. This increased to Rs 400 per sq.ft in the 2012 revision, marking a significant rise of 70%. However, in the 2017 revision, the value dropped to Rs 268 per sq.ft, a decrease of 33%. The value then rose again to Rs 400 per sq.ft in the 2023 revision, remaining unchanged through to the 2024 revision, where it is still Rs 400 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 70%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puthuper

Puthuper village has 39 streets under the Sriperumpudur SRO that carry a guideline value for 2024, 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 is equal to the current guideline value of Jai Krishna Nagar.

• Jai Krishna Nagar Annexe: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Krishna Nagar?

The Sub Registrar Office that covers Jai Krishna 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 Puthuper

The guideline value is a crucial factor during the registration of property transactions in Puthuper. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the applicable taxes based on the property's value. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Jai Krishna Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 235 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in 2023 and 2024.

What other streets in Puthuper have similar guideline values?

Other streets in Puthuper with a guideline value of Rs 400 per sq.ft include Jai Krishna Nagar Annexe, Kamatchi Amman Nagar, Kamatchi Nagar Annex, and Kanniamman Koil Street.

Where is the Sub Registrar Office for Jai Krishna Nagar located?

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

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

The stamp duty for properties in Jai Krishna Nagar is calculated based on the guideline value or the sale price, whichever is higher. 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 a stamp duty of Rs 28,000.