Guideline Value for Jashwin Nagar

Jashwin Nagar guideline value

The current guideline value of Jashwin Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Jashwin Nagar has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 1,000 per sq.ft. The 2024 revision has kept the guideline value at Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for Jashwin Nagar. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, positioning Jashwin Nagar's 2024 figure above this median.

• Jayabutha Vinayakar Nagar: Rs 700 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jagathguru Jeyandrar Nagar: Rs 700 per sq.ft (2024)
• jayasri Nagar: Rs 1,000 per sq.ft (2024)
• Iswarya Nagar: Rs 1,200 per sq.ft (2024)
• Jemi Nagar I: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Jashwin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jashwin Nagar?

The Sub Registrar Office that covers Jashwin Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Sriperumbudur A. It serves as a baseline for calculating the stamp duty and registration fees, ensuring that these costs are appropriately assessed based on the property's value.

When buying or selling property, the guideline value helps in determining the official value of the property for legal and tax purposes. This ensures transparency and compliance with the local regulations governing property transactions.

Frequently asked questions

What is the current guideline value of Jashwin Nagar?

The current guideline value of Jashwin Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2017 to 2024, with a significant increase of 49% from Rs 670 per sq.ft in 2017.

What is the land classification for Jashwin Nagar?

Jashwin Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Jashwin Nagar?

The Sub Registrar Office covering Jashwin Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jashwin Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.