Guideline Value for Jegadesh Nagar

Jegadesh Nagar guideline value

The current guideline value of Jegadesh Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Jegadesh Nagar has changed

The guideline value for Jegadesh Nagar has seen several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 83 per sq.ft. This increased significantly to Rs 330 per sq.ft in 2007, marking a change of +298%. The 2012 revision set the value at Rs 1,000 per sq.ft, reflecting a notable increase of +203% from the previous figure. However, in 2017, the value dropped to Rs 670 per sq.ft, showing a decline of -33%. The value remained at Rs 1,000 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by +1,105%. It is important to note that the register has no figure for Jegadesh Nagar in 2003.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Jegadesh Nagar's 2024 figure below this median.

• Jesuraja Nagar: Rs 1,000 per sq.ft (2024)
• Jesuraja Nagar Extn: Rs 1,000 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Jayasundar Avenue: Rs 1,000 per sq.ft (2024)
• Jeyaram Nagar: Rs 1,500 per sq.ft (2024)
• Janak Pushpa Shanthi Nagar: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jegadesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegadesh Nagar?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Jegadesh Nagar?

The current guideline value of Jegadesh Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 83 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of +1,105% over this period.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Jegadesh Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Jegadesh Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.

Are there other streets in Nandhivaram with different guideline values?

Yes, there are several other streets in Nandhivaram with varying guideline values, ranging from Rs 1,000 to Rs 3,500 per sq.ft as of 2024.