Guideline Value for Jawahar Nagar (Block 82)

Jawahar Nagar (Block 82) guideline value

The current guideline value of Jawahar Nagar (Block 82) is Rs 4,100 per sq.ft, effective from 1 July 2024. This area is located in Kodambakkam village and falls under the Ashok Nagar Sub Registrar Office. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Jawahar Nagar (Block 82) has changed

The guideline value for Jawahar Nagar (Block 82) has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,210 per sq.ft. This value increased significantly to Rs 3,750 per sq.ft in 2012, marking a rise of 210%. However, it then decreased to Rs 2,512 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 3,750 per sq.ft in 2023, and finally, it reached Rs 4,100 per sq.ft in 2024, reflecting a 9% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 239%. The values from the revisions are as follows: Rs 1,210 per sq.ft in 2007, Rs 3,750 per sq.ft in 2012, Rs 2,512 per sq.ft in 2017, Rs 3,750 per sq.ft in 2023, and currently Rs 4,100 per sq.ft in 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which means that the 2024 figure for Jawahar Nagar (Block 82) is below this median.

• Jayabalan Street (JPT): Rs 4,900 per sq.ft (2024)
• Janakiraman Street Block 78: Rs 4,100 per sq.ft (2024)
• Jaya Prakash Narayanan Street (JPT): Rs 4,100 per sq.ft (2024)
• Jayaraman Street (W.M): Rs 5,500 per sq.ft (2024)
• Jakir Usan Street (S.M.BLOCK): Rs 3,300 per sq.ft (2024)
• Jakir Hussain Street Ch-78: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Nagar (Block 82)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000. 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 Jawahar Nagar (Block 82)?

The Ashok Nagar Sub Registrar Office covers Jawahar Nagar (Block 82). The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jawahar Nagar (Block 82)?

The current guideline value of Jawahar Nagar (Block 82) is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, representing an overall increase of 239% over the years.

What is the land classification for Jawahar Nagar (Block 82)?

The land classification for Jawahar Nagar (Block 82) is Residential Class IV Type - I.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What are the stamp duty rates for property in Jawahar Nagar (Block 82)?

The stamp duty for property in Jawahar Nagar (Block 82) is charged at 7% of the guideline value or the sale price, whichever is higher.