Guideline Value for Jesuraja Nagar

Jesuraja Nagar guideline value

The current guideline value of Jesuraja Nagar 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 has changed

The guideline value for Jesuraja Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 328 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 205%. However, the value then decreased to Rs 670 per sq.ft in 2017, which was a reduction of 33%. The value remained at Rs 1,000 per sq.ft in 2023 and again in 2024, showing no change between these two revisions.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 205%.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value 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's 2024 figure below this median.

• Jesuraja Nagar Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be 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, making the total Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jesuraja Nagar?

The Jesuraja Nagar area falls under 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 more information.

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

The guideline value is a crucial factor in the registration of property transactions in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jesuraja Nagar?

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

How has the guideline value changed over the years?

The guideline value for Jesuraja Nagar has changed from Rs 328 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in 2023 and 2024.

What is the median guideline value in Nandhivaram?

The median guideline value for the streets in Nandhivaram is Rs 1,500 per sq.ft, while Jesuraja Nagar's 2024 value is below this median.

What are the stamp duty and registration fees in Jesuraja Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. This is calculated based on the guideline value.

Where is the Gooduvancheri Sub Registrar Office located?

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