Guideline Value for S.J.N. NAGAR

S.J.N. Nagar guideline value

The current guideline value of S.J.N. Nagar, located in Siruvanoor village under the Tiruvallur Joint 1 SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - III.

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

Over the years, the guideline value for S.J.N. Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which was a decrease of 33% from Rs 67 per sq.ft in the 2017 revision. The 2017 revision marked a significant increase of 49% from the previous figure. However, from 2017 to 2023, the value remained unchanged at Rs 100 per sq.ft. The current 2024 revision also maintains this figure, showing no change from 2023.

It is important to note that there are no figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 100 per sq.ft.

Guideline values in Siruvanoor

In Siruvanoor village, there are 18 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for S.J.N. Nagar is below this median.

• S.P. Garden: Rs 100 per sq.ft (2024)
• Sri Krishna Nagar & Pahse-I: Rs 300 per sq.ft (2024)
• Senthil Nagar: Rs 100 per sq.ft (2024)
• Sri Selva Ganapathi Nagar: Rs 300 per sq.ft (2024)
• Sri Varsha Garden: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers S.J.N. Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Siruvanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of S.J.N. Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S.J.N. Nagar has seen several revisions, with the most recent being Rs 100 per sq.ft in 2024, which is the same as in 2023. The value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in S.J.N. Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the higher of the guideline value or the sale price.

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

The Tiruvallur Joint 1 Sub Registrar Office covers S.J.N. Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for S.J.N. Nagar?

S.J.N. Nagar is classified as Residential Class III Type - III, indicating its intended use for residential purposes.