Guideline Value for Jeruselam Nagar Nehru Street

Jeruselam Nagar Nehru Street guideline value

The current guideline value for Jeruselam Nagar Nehru 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 Jeruselam Nagar Nehru Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft, marking a -33% change. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Irumpuliyur

Irumpuliyur village has a total of 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 guideline value for these streets is Rs 2,200 per sq.ft, which matches the current guideline value for Jeruselam Nagar Nehru Street.

• Jerusalem Nagar (Joseph Street): Rs 2,530 per sq.ft (2024)
• Jerusalem Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Jerusalem Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Jerusalem Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Jerusalem Nagar: Rs 2,530 per sq.ft (2024)
• Jerusalam NagarExt: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jeruselam Nagar Nehru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the 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 Jeruselam Nagar Nehru Street?

The Sub Registrar Office that covers Jeruselam Nagar Nehru 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 plays a crucial role in the registration of property transactions in Irumpuliyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered the minimum value for taxation purposes. This means that the stamp duty will be calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Jeruselam Nagar Nehru Street?

The current guideline value for Jeruselam Nagar Nehru Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,000 to Rs 1,340 in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024.

What is the land classification for Jeruselam Nagar Nehru Street?

The land classification for Jeruselam Nagar Nehru Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

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