Guideline Value for Jawaharlal Nagar

Jawaharlal Nagar guideline value

The current guideline value of Jawaharlal Nagar, located in Naravarikuppam village under the Redhills SRO, is Rs 3,300 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Jawaharlal Nagar has changed

The guideline value for Jawaharlal Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in the 2012 revision. However, it then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023, and most recently, it has increased to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 371%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median of Rs 1,650 per sq.ft. The guideline value for Jawaharlal Nagar is above this median, indicating its higher valuation.

• Jawaharlal Nagar Annex: Rs 2,200 per sq.ft (2024)
• Jawaharlal 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawaharlal Nagar?

The Sub Registrar Office that covers Jawaharlal Nagar is 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Naravarikuppam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all transactions are compliant with the local regulations.

When buying or selling property, the guideline value is used to determine the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Jawaharlal Nagar?

The current guideline value of Jawaharlal Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 371% across the revisions.

What is the land classification of Jawaharlal Nagar?

Jawaharlal Nagar is classified as Commercial Class I Type - I, indicating its commercial significance in the area.

What is the registration office for Jawaharlal Nagar?

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

How is stamp duty calculated for properties in Jawaharlal Nagar?

Stamp duty for properties in Jawaharlal Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.