Guideline Value for Jeruselam Nagar

Jeruselam Nagar guideline value

The current guideline value of Jeruselam Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Jeruselam Nagar has changed

Over the years, the guideline value of Jeruselam Nagar has undergone several revisions. The guideline value was Rs 400 per sq.ft in 2007, which increased significantly to Rs 1,500 per sq.ft in 2012. However, in the 2017 revision, it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

From the 2007 revision to the 2023 revision, the overall change has been an increase of 275%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Jeruselam Nagar is part of this locality, and there are no other streets in Urapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Jeruselam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty, charged at 7%, would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeruselam Nagar?

The Sub Registrar Office that covers Jeruselam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Urapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that both parties are aware of the costs involved based on the official valuation of the property.

Additionally, the guideline value serves as a reference point for the registration of property documents. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jeruselam Nagar?

The current guideline value of Jeruselam Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for property in Jeruselam Nagar?

The stamp duty rate for property in Jeruselam Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for Jeruselam Nagar in 2024?

The register has no figure for the guideline value of Jeruselam Nagar for the year 2024.