Guideline Value for Jarusalam Nagar

Jarusalam Nagar guideline value

The current guideline value of Jarusalam Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Jarusalam Nagar has changed

The guideline value for Jarusalam Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which was revised to Rs 1,340 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that Jarusalam Nagar's 2024 figure is below this median.

• Jagir Hussain Street: Rs 3,300 per sq.ft (2024)
• Jeeva Street: Rs 4,400 per sq.ft (2024)
• Johnson Street: Rs 4,400 per sq.ft (2024)
• Jothi Nagar: Rs 3,300 per sq.ft (2024)
• Indira Colony: Rs 1,320 per sq.ft (2024)
• IDPL Nagar Ext: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jarusalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jarusalam Nagar?

The Sub Registrar Office that covers Jarusalam Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tambaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, both parties should be aware of the guideline value as it can affect the total cost involved in the transaction. It is advisable to consult the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Jarusalam Nagar?

The current guideline value of Jarusalam Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What is the land classification of Jarusalam Nagar?

Jarusalam Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for property in Jarusalam Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Jarusalam Nagar?

The Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, handles property registrations for Jarusalam Nagar.