Guideline Value for Jaswanth Nagar

Jaswanth Nagar guideline value

The current guideline value of Jaswanth Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village, under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - II.

How the guideline value of Jaswanth Nagar has changed

The guideline value of Jaswanth Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was a rise of 39%. The value then surged to Rs 1,139 per sq.ft in 2017, marking a substantial increase of 280%. Following this trend, the 2023 revision set the value at Rs 1,700 per sq.ft, which was a 49% increase from the previous figure. The latest revision in 2024 has raised the guideline value to Rs 1,870 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 766%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Jaswanth Nagar's 2024 figure below this median.

• Jawahar lal Nehru Salai: Rs 2,860 per sq.ft (2024)
• Jaya Nagar: Rs 2,350 per sq.ft (2024)
• Indra Nagar (All Streets): Rs 1,760 per sq.ft (2024)
• Indira Nagar Vivekanandar Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Lal Bagadur Sasthiri Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Kattabomman Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Jaswanth Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total fees together Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jaswanth Nagar?

Jaswanth Nagar falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Jaswanth Nagar?

The current guideline value of Jaswanth Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 216 per sq.ft in 2003 to Rs 1,870 per sq.ft in 2024, marking an overall increase of 766% over this period.

What are the stamp duty and registration fees for properties in Jaswanth Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 18,70,000. The stamp duty at 7% is Rs 1,30,900, and the registration fee at 2% is Rs 37,400, totaling Rs 1,68,300.

Which Sub Registrar Office covers Jaswanth Nagar?

Jaswanth Nagar is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Jaswanth Nagar?

The land classification for Jaswanth Nagar is Residential Class I Type - II, indicating its suitability for residential development.