Guideline Value for Jeswanth Nagar

Jeswanth Nagar guideline value

The current guideline value of Jeswanth Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Special Type - I.

How the guideline value of Jeswanth Nagar has changed

In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for this area is Rs 2,200 per sq.ft, and Jeswanth Nagar's 2024 figure is above this median.

• J R Castle Town: Rs 1,400 per sq.ft (2024)
• J R Castle Town Phase -II: Rs 1,400 per sq.ft (2024)
• Kalaivanar Nagar: Rs 2,200 per sq.ft (2024)
• Kalayanasundaram Street: Rs 2,200 per sq.ft (2024)
• Kalidasan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Kalyani Industrial Estate: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in Jeswanth Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeswanth Nagar?

The Sub Registrar Office that covers Jeswanth Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor when buying or selling property in 5. Athipattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Jeswanth Nagar?

The current guideline value of Jeswanth Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in 5. Athipattu?

Other streets in 5. Athipattu include J R Castle Town, J R Castle Town Phase -II, Kalaivanar Nagar, Kalayanasundaram Street, Kalidasan Street(Chelliamman nagar), and Kalyani Industrial Estate, each with their respective guideline values.

How is stamp duty calculated in Jeswanth Nagar?

Stamp duty in Jeswanth Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

Where can I find the Sub Registrar Office for Jeswanth Nagar?

The Sub Registrar Office for Jeswanth Nagar is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more information about it online.