Guideline Value for P.J.N. NAGAR

P.J.N. Nagar guideline value

The current guideline value of P.J.N. Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This locality is situated in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of P.J.N. Nagar has changed

The guideline value for P.J.N. Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for this area is Rs 1,540 per sq.ft, which is the same as the current guideline value for P.J.N. Nagar.

• Police Quarters: Rs 1,210 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,210 per sq.ft (2024)
• Ponnusamy Nagar: Rs 1,760 per sq.ft (2024)
• Perumal Nagar: Rs 1,210 per sq.ft (2024)
• Perumal Koil St.,: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Mega Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in P.J.N. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost Rs 1,38,600. 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 precise calculations.

Which Sub Registrar Office covers P.J.N. Nagar?

The Sub Registrar Office that covers P.J.N. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process of property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value will be referenced to calculate the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of P.J.N. Nagar?

The current guideline value of P.J.N. Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration fee for property in P.J.N. Nagar?

The registration fee is calculated based on the guideline value. For a property valued at Rs 15,40,000, the registration fee at 2% would be Rs 30,800.

Which office handles property registrations in P.J.N. Nagar?

The Kunrathur Sub Registrar Office is responsible for property registrations in P.J.N. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in P.J.N. Nagar?

Stamp duty is charged at 7% on the higher of the guideline value or the sale price. For example, on a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800.