Guideline Value for Jesuraja Nagar Extn

Jesuraja Nagar Extn guideline value

The current guideline value of Jesuraja Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jesuraja Nagar Extn has changed

The guideline value for Jesuraja Nagar Extn has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The 2024 revision has maintained this value, showing no change 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, the guideline value from 2012 to 2024 has remained at Rs 1,000 per sq.ft, indicating stability in this period.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values for 2024 ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Jesuraja Nagar Extn's 2024 figure below that median.

• Jesuraja Nagar: Rs 1,000 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 2,000 per sq.ft (2024)
• Jeyaram Nagar: Rs 1,500 per sq.ft (2024)
• Jegadesh Nagar: Rs 1,000 per sq.ft (2024)
• Jayasundar Avenue: Rs 1,000 per sq.ft (2024)
• Janak Pushpa Shanthi Nagar: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jesuraja Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is essential 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 Jesuraja Nagar Extn?

The Jesuraja Nagar Extn area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements when transferring property ownership.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Jesuraja Nagar Extn?

The current guideline value of Jesuraja Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 1,000 per sq.ft in 2024. It was Rs 670 per sq.ft in 2017 and has fluctuated between these values in earlier revisions.

What are the other streets in Nandhivaram with their guideline values?

Other streets in Nandhivaram include Jesuraja Nagar at Rs 1,000 per sq.ft, Jeyalakshmi Nagar at Rs 2,000 per sq.ft, and Jeyaram Nagar at Rs 1,500 per sq.ft, among others.

How is stamp duty calculated in Jesuraja Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.

Where can I find the Sub Registrar Office for Jesuraja Nagar Extn?

The Gooduvancheri Sub Registrar Office covers Jesuraja Nagar Extn and is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.