Guideline Value for Jai Nagar

Jai Nagar guideline value

The current guideline value of Jai Nagar, located in Santhanagopalapuram village under the Thiruttani SRO, is Rs 150 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jai Nagar has changed

The guideline value for Jai Nagar has been revised several times. However, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 150 per sq.ft.

Since there have been no figures recorded for the previous revisions, it is important to note that the only current guideline value is from the 2024 revision. There have been no changes in the guideline value between the revisions mentioned above.

Guideline values in Santhanagopalapuram

Currently, there are no specific village figures provided for Santhanagopalapuram. The guideline value of Jai Nagar is Rs 150 per sq.ft as per the 2024 revision. There are no other streets in Santhanagopalapuram listed under the Thiruttani SRO.

Stamp duty and registration fee for property in Jai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jai Nagar?

The Sub Registrar Office that covers Jai Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Santhanagopalapuram, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is the minimum value set by the government for property transactions in the area, ensuring that the transaction is recorded at a fair value.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Jai Nagar?

The current guideline value of Jai Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

What is the land classification for Jai Nagar?

The land classification for Jai Nagar is Residential Class I Type - I.

Have there been any changes in the guideline value for Jai Nagar?

There have been no changes in the guideline value for Jai Nagar between the revisions from 2002 to 2024, with the only figure available being from the 2024 revision.

Where is the Thiruttani Sub Registrar Office located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is stamp duty calculated for property in Jai Nagar?

Stamp duty for property in Jai Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total duty of Rs 13,500.