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Guideline Value

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Guideline Value for Jak Nagar (V.O.C. Street)

₹3800/sq.ft.

The guideline value for Jak Nagar (v.o.c. Street) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jak Nagar (v.o.c. Street)

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Jak Nagar (V.O.C. Street) guideline value

The current guideline value for Jak Nagar (V.O.C. Street) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Jak Nagar (V.O.C. Street) has changed

The guideline value for Jak Nagar (V.O.C. Street) has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly in the 2023 revision to Rs 3,500 per sq.ft, and further increased to Rs 3,800 per sq.ft in the 2024 revision, reflecting a 9% rise from the previous year.

In total, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Jak Nagar (V.O.C. Street) above this median.

Stamp duty and registration fee for property in Jak Nagar (V.O.C. Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty is charged at 7%, which totals Rs 2,66,000, while the registration fee is at 2%, amounting to Rs 76,000. Together, these fees total Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jak Nagar (V.O.C. Street)?

The Jak Nagar (V.O.C. Street) falls under the jurisdiction of 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 plays a crucial role during property transactions in Thirumullaivoyal, as it serves as the basis for calculating stamp duty and registration fees. When buying or selling property, the guideline value is used to determine the taxes payable, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. The registration office will reference this value during the registration process, making it a critical aspect to consider in any property deal.

Frequently asked questions

What is the current guideline value of Jak Nagar (V.O.C. Street)?

The current guideline value of Jak Nagar (V.O.C. Street) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, a 9% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Jak Nagar (V.O.C. Street)?

Jak Nagar (V.O.C. Street) is classified as Residential Special Type - I, indicating its specific use for residential purposes within the locality.

What are the stamp duty and registration fees for property transactions?

The stamp duty for property transactions in Jak Nagar (V.O.C. Street) is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 3,42,000.

Where can I find the Sub Registrar Office for Jak Nagar (V.O.C. Street)?

The Sub Registrar Office covering Jak Nagar (V.O.C. Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.