Guideline Value for ELITE PARK

Elite Park guideline value

The current guideline value of Elite Park, located in Jambodai village under the Kanchipuram Joint IV SRO, is Rs 800 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Elite Park has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. In the 2023 revision, the guideline value was set at Rs 800 per sq.ft, which remains unchanged in the 2024 revision, reflecting a 0% change between these two revisions.

Both the 2023 and 2024 revisions maintain the guideline value at Rs 800 per sq.ft. This consistency indicates stability in the valuation of Elite Park for the specified period.

Guideline values in Jambodai

In Jambodai, there are seven streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 455 to Rs 1,200 per sq.ft, with the median value being Rs 800 per sq.ft. Elite Park's 2024 figure aligns with this median.

• Siva Ganga Nagar: Rs 675 per sq.ft (2024)
• Ullavur Amman Nagar: Rs 455 per sq.ft (2024)
• One Aaero -III: Rs 1,200 per sq.ft (2024)
• One Aareo -II @ Jambodai: Rs 800 per sq.ft (2024)
• One Aareo@jambodai: Rs 800 per sq.ft (2024)
• One Aareo @ Jambodai Annex: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Elite Park

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Elite Park?

Elite Park is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Jambodai. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value is referenced to determine the appropriate fees. It is essential for buyers and sellers to be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Elite Park?

The current guideline value of Elite Park is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 800 per sq.ft in both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Jambodai with their guideline values?

In Jambodai, other streets include Siva Ganga Nagar at Rs 675 per sq.ft, Ullavur Amman Nagar at Rs 455 per sq.ft, One Aaero -III at Rs 1,200 per sq.ft, and several streets with a guideline value of Rs 800 per sq.ft.

What is the stamp duty rate for properties in Elite Park?

The stamp duty rate for properties in Elite Park is 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Kanchipuram Joint IV Sub Registrar Office covers Elite Park, and its address is Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can also find your SRO online.