Guideline Value for Jerusalem Nagar 4th Street

Jerusalem Nagar 4th Street guideline value

The current guideline value of Jerusalem Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Jerusalem Nagar 4th Street has changed

The guideline value for Jerusalem Nagar 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and the current value is Rs 2,200 per sq.ft as per the 2024 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The change from the 2023 revision to the 2024 revision reflects a 10% increase. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has increased by 10%.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Jerusalem Nagar 4th Street.

• Jerusalem Nagar: Rs 2,530 per sq.ft (2024)
• Jerusalem Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Jerusalam NagarExt: Rs 2,200 per sq.ft (2024)
• Jerusalem Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Jerusalem Nagar (Joseph Street): Rs 2,530 per sq.ft (2024)
• Jeruselam Nagar Nehru Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jerusalem Nagar 4th Street

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, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jerusalem Nagar 4th Street?

The Sub Registrar Office that covers Jerusalem Nagar 4th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When registering a property, the guideline value is used to calculate applicable fees, including stamp duty and registration fees. This ensures that all transactions are transparent and comply with local regulations.

Frequently asked questions

What is the current guideline value for Jerusalem Nagar 4th Street?

The current guideline value for Jerusalem Nagar 4th Street 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Jerusalem Nagar 4th Street?

The land classification for Jerusalem Nagar 4th Street is Residential Special Type - II.

Where is the Sub Registrar Office for Jerusalem Nagar 4th Street located?

The Sub Registrar Office for Jerusalem Nagar 4th Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

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