Guideline Value for Jawaharlal Nagar Annex

Jawaharlal Nagar Annex guideline value

The current guideline value of Jawaharlal Nagar Annex in Naravarikuppam village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Special Type - I.

How the guideline value of Jawaharlal Nagar Annex has changed

The guideline value for Jawaharlal Nagar Annex has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, and subsequently rose to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The revisions indicate a fluctuating trend, with notable increases and decreases in the values over the years, culminating in the current rate of Rs 2,200 per sq.ft.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Jawaharlal Nagar Annex above this median.

• Jawaharlal Nagar: Rs 3,300 per sq.ft (2024)
• Jawharlal Nagar: Rs 3,300 per sq.ft (2024)
• Jeevanandam Street: Rs 1,650 per sq.ft (2024)
• Jeevarathinam Street: Rs 1,320 per sq.ft (2024)
• Kaalvai Street: Rs 1,320 per sq.ft (2024)
• Kalaivanar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jawaharlal Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawaharlal Nagar Annex?

The Jawaharlal Nagar Annex is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Naravarikuppam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the established guideline value for the area.

Frequently asked questions

What is the current guideline value for Jawaharlal Nagar Annex?

The current guideline value for Jawaharlal Nagar Annex is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Jawaharlal Nagar Annex?

Jawaharlal Nagar Annex is classified as Residential Special Type - I.

Where can I find the registration office for Jawaharlal Nagar Annex?

The registration office for Jawaharlal Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Jawaharlal Nagar Annex?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.