Guideline Value for Jamuna Nagar

Jamuna Nagar guideline value

The current guideline value of Jamuna Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Grandlyon village and falls under the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Jamuna Nagar has changed

The guideline value for Jamuna Nagar has seen significant changes over the years. In 2003, the value was Rs 33 per sq.ft, which increased to Rs 200 per sq.ft by 2007. The value then saw a substantial rise to Rs 400 per sq.ft in 2012, but it decreased to Rs 268 per sq.ft by 2017. The 2023 revision brought it back up to Rs 400 per sq.ft, and the latest revision in 2024 set the value at Rs 440 per sq.ft. This marks a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1233%. Notably, there is no figure for the year 2002 in the register for this street.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value of Jamuna Nagar is below this median.

• Iswariya Nagar: Rs 440 per sq.ft (2024)
• Indra Nagar: Rs 660 per sq.ft (2024)
• Jh Nagar: Rs 800 per sq.ft (2024)
• Kalaivanar Street: Rs 660 per sq.ft (2024)
• Kalikambal Nagar: Rs 440 per sq.ft (2024)
• Kamarajar Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jamuna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It's important to note that 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 precise calculations.

Which Sub Registrar Office covers Jamuna Nagar?

The Sub Registrar Office covering Jamuna Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Grandlyon. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale or purchase.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected by the registration authorities. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jamuna Nagar?

The current guideline value of Jamuna Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 33 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, marking an overall increase of 1233% over this period.

What are the registration fees for property in Jamuna Nagar?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles property registrations for Jamuna Nagar?

The Redhills Sub Registrar Office is responsible for property registrations in Jamuna Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Jamuna Nagar?

Jamuna Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.