Guideline Value for Jawarharlal Nehru Nagar Extention

Jawarharlal Nehru Nagar Extention guideline value

The current guideline value of Jawarharlal Nehru Nagar Extention is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - II.

How the guideline value of Jawarharlal Nehru Nagar Extention has changed

The guideline value for Jawarharlal Nehru Nagar Extention has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 175 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value decreased to Rs 469 per sq.ft, a drop of 33%. The most recent revisions in 2023 and 2024 maintained the value at Rs 700 per sq.ft, showing no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 300%.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Jawarharlal Nehru Nagar Extention.

• Jaya Nagar: Rs 700 per sq.ft (2024)
• J.J.Nagar: Rs 1,001 per sq.ft (2024)
• Indra Gandhi Nagar: Rs 700 per sq.ft (2024)
• Jubilee Residences: Rs 2,389 per sq.ft (2024)
• Inba Avenue: Rs 2,389 per sq.ft (2024)
• Iayyappa Gardan: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Jawarharlal Nehru Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000 for these charges. 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 Jawarharlal Nehru Nagar Extention?

The Jawarharlal Nehru Nagar Extention falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kayirambedu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented according to the official property values set by the government.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives its due revenue from property transactions, reflecting the value of the property in the current market.

Frequently asked questions

What is the current guideline value of Jawarharlal Nehru Nagar Extention?

The current guideline value of Jawarharlal Nehru Nagar Extention is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft for the revisions in 2023 and 2024.

What are the other streets in Kayirambedu with their guideline values?

Other streets in Kayirambedu include Jaya Nagar at Rs 700 per sq.ft, J.J.Nagar at Rs 1,001 per sq.ft, Indra Gandhi Nagar at Rs 700 per sq.ft, Jubilee Residences at Rs 2,389 per sq.ft, Inba Avenue at Rs 2,389 per sq.ft, and Iayyappa Gardan at Rs 700 per sq.ft.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jawarharlal Nehru Nagar Extention?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.