Guideline Value for Jerusalem Nagar 6th Street

Jerusalem Nagar 6th Street guideline value

The current guideline value of Jerusalem Nagar 6th 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 6th Street has changed

The guideline value for Jerusalem Nagar 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 2,000 in 2012 to Rs 2,200 in 2024, showing an overall increase of 10% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Irumpuliyur

Irumpuliyur village has a total of 218 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value across these streets is Rs 2,200 per sq.ft, which is equal to the 2024 guideline value for Jerusalem Nagar 6th Street.

• Jerusalem Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Jerusalem Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Jerusalem Nagar (Joseph Street): Rs 2,530 per sq.ft (2024)
• Jerusalem Nagar: Rs 2,530 per sq.ft (2024)
• Jerusalam NagarExt: Rs 2,200 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 6th 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, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jerusalem Nagar 6th Street?

The Sub Registrar Office that covers Jerusalem Nagar 6th 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 information.

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

The guideline value plays a crucial role in property transactions in Irumpuliyur. It is used to determine the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue from property transactions through stamp duty and registration fees.

When buying or selling a property, the guideline value is referenced to ascertain the applicable fees. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Jerusalem Nagar 6th Street?

The current guideline value of Jerusalem Nagar 6th 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 in 2012 to Rs 1,340 in 2017, then to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024. This reflects various increases and decreases over the years.

What are the other streets in Irumpuliyur with similar guideline values?

Other streets in Irumpuliyur with guideline values include Jerusalem Nagar 5th Street and Jerusalem Nagar 4th Street, both at Rs 2,200 per sq.ft in 2024. There are also streets with higher values, such as Jerusalem Nagar (Joseph Street) and Jerusalem Nagar, both at Rs 2,530 per sq.ft.

What fees are associated with property registration in Jerusalem Nagar 6th Street?

The fees associated with property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft would incur a total fee of Rs 1,98,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059. For more details, you can use the online tool to find your SRO.