Guideline Value for Sri Jakki Vasudev Nagar

Sri Jakki Vasudev Nagar guideline value

The current guideline value of Sri Jakki Vasudev Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Sri Jakki Vasudev Nagar has changed

The guideline value for Sri Jakki Vasudev Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,000 per sq.ft, indicating no change between these two years.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 400%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, and the median value is Rs 802 per sq.ft. The guideline value of Sri Jakki Vasudev Nagar is above this median.

• Sri Jakki Vasudev Nagar - II: Rs 1,000 per sq.ft (2024)
• Sri Jayendira Saraswathi Suwamigal Nagar: Rs 1,200 per sq.ft (2024)
• Sri Jayendira Saraswathi Suwamigal Nagar Extn: Rs 1,200 per sq.ft (2024)
• Sri Gomathi Nagar: Rs 800 per sq.ft (2024)
• Sri Lingam Nagar: Rs 700 per sq.ft (2024)
• Sri Lingam Nagar Extn: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jakki Vasudev Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total 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, resulting in a total of Rs 90,000. It is important to note that 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 Sri Jakki Vasudev Nagar?

The Sub Registrar Office that covers Sri Jakki Vasudev Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, 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 Karanaipuducheri

The guideline value is an essential factor in the registration process of property transactions in Karanaipuducheri. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as it reflects the government's valuation of the property based on various factors.

Frequently asked questions

What is the current guideline value of Sri Jakki Vasudev Nagar?

The current guideline value of Sri Jakki Vasudev 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 has seen various changes, with the most significant increase occurring from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012. The value remained at Rs 1,000 per sq.ft in the 2023 and 2024 revisions.

What is the land classification of Sri Jakki Vasudev Nagar?

Sri Jakki Vasudev Nagar is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

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