Guideline Value for Jawahar Nagar

Jawahar Nagar guideline value

The current guideline value of Jawahar Nagar, located in Kattupakkam village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Jawahar Nagar has changed

Over the years, the guideline value of Jawahar Nagar has seen several revisions. The earliest recorded revision was in 2007, where the value was Rs 180 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a significant rise of 178%. In 2017, the value was revised to Rs 335 per sq.ft, which was a decrease of 33%. The most recent revisions in 2023 and 2024 maintained the guideline value at Rs 500 per sq.ft, indicating no change between these two years. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 178%, reflecting the fluctuations in property valuation over the years.

Guideline values in Kattupakkam

Kattupakkam village has 27 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which aligns with the guideline value for Jawahar Nagar.

• Ishwarya Nagar Phase-II: Rs 400 per sq.ft (2024)
• Ishwarya Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Kala Nagar: Rs 400 per sq.ft (2024)
• Krishna Garden: Rs 500 per sq.ft (2024)
• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. 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 details.

Which Sub Registrar Office covers Jawahar Nagar?

The Sub Registrar Office that covers Jawahar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Kattupakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during a property transaction. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

When a property is bought or sold, the guideline value helps to establish a fair valuation for the transaction. It is essential for all parties involved to 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 Jawahar Nagar?

The current guideline value of Jawahar Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 180 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, with fluctuations in between.

What is the land classification of Jawahar Nagar?

Jawahar Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where is the Sub Registrar Office for Jawahar Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total guideline value of Rs 5,00,000, leading to a stamp duty of Rs 35,000.