Guideline Value for Jak Nagar

Jak Nagar guideline value

The current guideline value of Jak Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 3,800 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jak Nagar has changed

The guideline value for Jak Nagar has seen several revisions over the years. In 2002, the value was Rs 223 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking a 35% rise. The value then experienced significant growth, reaching Rs 800 per sq.ft in 2007, an increase of 167%. Following this, the value surged to Rs 3,500 per sq.ft in 2012, reflecting a substantial 338% increase. However, from 2012 to 2017, the guideline value decreased to Rs 2,345 per sq.ft, a drop of 33%. The subsequent revision in 2023 saw the value rise to Rs 3,500 per sq.ft, which was a 49% increase. The latest revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, representing a 9% increase from the previous year.

There are no figures available for the revisions between 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,604%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Jak Nagar's 2024 guideline value of Rs 3,800 per sq.ft is above this median.

• Jak Nagar (Annai Therasa Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Bharathiyar Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Extn. Phase II): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kakkan Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kamarajar Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kambar Street): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jak Nagar

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 at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. 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 Jak Nagar?

The Sub Registrar Office that covers Jak Nagar is 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 serves as a benchmark for property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value is crucial as it influences the overall costs involved in the transaction. It is essential for both parties to understand how the guideline value impacts the financial aspects of buying or selling property in Thirumullaivoyal.

Frequently asked questions

What is the current guideline value of Jak Nagar?

The current guideline value of Jak Nagar is Rs 3,800 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 223 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 1,604% over this period.

What is the land classification for Jak Nagar?

Jak Nagar is classified as Residential Special Type - I, which indicates the type of development permissible in the area.

How is the stamp duty calculated for a property in Jak Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where is the Sub Registrar Office for Jak Nagar located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.