Guideline Value for Jaisakthi Nagar

Jaisakthi Nagar guideline value

The current guideline value of Jaisakthi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jaisakthi Nagar has changed

Over the years, the guideline value for Jaisakthi Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 175 per sq.ft. This increased to Rs 300 per sq.ft in 2012, marking a significant rise of 71%. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 300 per sq.ft in 2023 and has remained at this level for the 2024 revision, showing no change from the previous year.

The overall change from the 2007 revision to the 2024 revision is an increase of 71%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,100 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which aligns with the guideline value of Jaisakthi Nagar.

• Jeyam Nagar: Rs 200 per sq.ft (2024)
• Kamaraj Nagar: Rs 300 per sq.ft (2024)
• Kamaraj Nagar Extn: Rs 300 per sq.ft (2024)
• Kishta Baghavan Street: Rs 200 per sq.ft (2024)
• Dr.Chandra City: Rs 450 per sq.ft (2024)
• Dei Gratia Associates: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Jaisakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Jaisakthi Nagar?

The Sub Registrar Office that covers Jaisakthi 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 Navaloor

The guideline value is a critical factor in property transactions in Navaloor. It serves as the minimum value at which a property can be registered. When a property is sold, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers alike, as it influences the overall cost of property transactions, ensuring that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Jaisakthi Nagar?

The current guideline value of Jaisakthi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 175 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreasing to Rs 201 per sq.ft in 2017, and returning to Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Navaloor?

The median guideline value in Navaloor for the year 2024 is Rs 300 per sq.ft, which is the same as the guideline value for Jaisakthi Nagar.

What fees are associated with property transactions in Jaisakthi Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Jaisakthi Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for Jaisakthi Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.