Guideline Value for Jesubatham Nagar

Jesubatham Nagar guideline value

The current guideline value of Jesubatham Nagar, located in Gooduvancheri village under the Gooduvancheri SRO, is Rs 2,001 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Jesubatham Nagar has changed

Over the years, the guideline value of Jesubatham Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 2,001 per sq.ft, which is an increase from Rs 2,000 per sq.ft in 2023. There was no change in the guideline value between these two years, indicating stability in the pricing.

Looking back further, the 2017 revision recorded a guideline value of Rs 1,340 per sq.ft. This marks a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has also increased by 49%. The register has no figures for the years 2012, 2007, 2003, and 2002 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Jesubatham Nagar's guideline value of Rs 2,001 per sq.ft is above this median, indicating its relative positioning within the village.

• J.V.C. Avenue: Rs 1,200 per sq.ft (2024)
• Jagir Hussain Street: Rs 1,500 per sq.ft (2024)
• Jagadeesh Nagar: Rs 2,001 per sq.ft (2024)
• Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,500 per sq.ft (2024)
• Kambar Street: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Jesubatham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would amount to Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, bringing the total to Rs 1,80,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jesubatham Nagar?

The Jesubatham Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Gooduvancheri, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the transaction, ensuring that the property is registered at a value that reflects its worth according to government standards.

At the time of registration, the buyer must pay the stamp duty, which is calculated based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jesubatham Nagar?

The current guideline value of Jesubatham Nagar is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased by 49%, from Rs 1,340 per sq.ft to Rs 2,001 per sq.ft in 2024. There was no change in the value from 2023 to 2024.

What is the land classification for Jesubatham Nagar?

The land classification for Jesubatham Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is the stamp duty calculated for property in Jesubatham Nagar?

Stamp duty for property in Jesubatham Nagar is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 1,40,070.