Guideline Value for Jawaharlal Nagar

Jawaharlal Nagar guideline value

The current guideline value of Jawaharlal Nagar, located in Pullilyon village, is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the jurisdiction of the Redhills SRO and 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 several revisions over the years. In 2007, the value was set at Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 186%. However, this value decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, reflecting a 49% rise. The latest revision in 2024 has established the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is worth noting that the register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Jawaharlal Nagar's 2024 figure above that median.

• Jawahar Nagar: Rs 2,200 per sq.ft (2024)
• Jaya Nagar: Rs 770 per sq.ft (2024)
• G.R. Haroon Ullasa City Nagar: Rs 770 per sq.ft (2024)
• G.R.Garden Phase-II: Rs 700 per sq.ft (2024)
• G.R.Garden Phase-I: Rs 700 per sq.ft (2024)
• Gopal Nagar: Rs 770 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 2,200 per sq.ft, the total 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, leading to a total cost of 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 further 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. The office is 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 Pullilyon

The guideline value plays a crucial role in the registration process for property transactions in Pullilyon. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is a key factor in calculating these costs.

When engaging in property transactions, it is essential to refer to the latest guideline value to ensure compliance with the registration requirements. This value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Jawaharlal Nagar?

The current guideline value of Jawaharlal Nagar 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 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 214% over these years.

What are the stamp duty and registration fees for properties in Jawaharlal Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Jawaharlal Nagar?

The Redhills Sub Registrar Office covers Jawaharlal Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Jawaharlal Nagar?

Jawaharlal Nagar is classified as Commercial Class I Type - I, which is important for understanding its use and potential in property transactions.