Guideline Value for Jawaharayia Nagar

Jawaharayia Nagar guideline value

The current guideline value of Jawaharayia Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Jawaharayia Nagar has changed

The guideline value for Jawaharayia Nagar has seen several revisions over the years. In 2007, the value was Rs 695 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, in 2017, it decreased to Rs 670 per sq.ft. Following this, the value rose significantly to Rs 1,000 per sq.ft in both 2023 and 2024, showing no change between these two revisions.

Overall, from 2007 to 2024, the guideline value has increased by 44%. The changes from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 marked a 49% increase.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, making Jawaharayia Nagar's current rate equal to this median.

• Jasmine Nagar (I,II): Rs 1,000 per sq.ft (2024)
• Jayalakshmi Dr.City: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Annex-1: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Part-1,2: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jawaharayia 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, totaling Rs 90,000. 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 Jawaharayia Nagar?

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

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

The guideline value is a crucial factor when buying or selling property in Adhanoor, as it determines the amount of stamp duty and registration fees payable. When a property is registered, the guideline value is used to calculate these fees, ensuring that they are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jawaharayia Nagar?

The current guideline value of Jawaharayia 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 changed several times, with the most recent revisions being Rs 1,000 per sq.ft in both 2023 and 2024, and Rs 670 per sq.ft in 2017.

What is the land classification for Jawaharayia Nagar?

Jawaharayia Nagar is classified as Residential Special Type - I, which is important for determining its usage and potential developments.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 10,00,000, the total fees would be Rs 90,000.

Which office handles registrations for Jawaharayia Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Jawaharayia Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.