Guideline Value for J J SMART CITY

J J Smart City guideline value

The current guideline value of J J Smart City in Periyaveppthur village is Rs 223 per sq.ft, effective from 1 July 2024. This property falls under the Ponneri SRO and is classified as Residential Class I Type - II.

How the guideline value of J J Smart City has changed

The guideline value for J J Smart City has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 223 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 149 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, moving from Rs 149 per sq.ft to Rs 223 per sq.ft. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value, maintaining the same rate from 2023 to 2024.

Guideline values in Periyaveppthur

In Periyaveppthur, there are seven streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 223 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for J J Smart City is above this median.

• Happy Home Garden: Rs 100 per sq.ft (2024)
• Padmavathi Ammal Nagar: Rs 100 per sq.ft (2024)
• Ponneri Athisayam: Rs 150 per sq.ft (2024)
• Siddhar Ponnar Nagar: Rs 100 per sq.ft (2024)
• Sitthar Ponneri Nagar-II Alias Gomathi Amman Nagar: Rs 150 per sq.ft (2024)
• Sri Mariyamman Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in J J Smart City

For a 1,000 sq.ft plot at the current guideline value of Rs 223 per sq.ft, the total guideline value amounts to Rs 2,23,000. The stamp duty at 7% would be Rs 15,610, and the registration fee at 2% would be Rs 4,460, bringing the total to Rs 20,070. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J J Smart City?

The Sub Registrar Office that covers J J Smart City is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial component in the registration process when buying or selling property in Periyaveppthur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of J J Smart City?

The current guideline value of J J Smart City is Rs 223 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 50% increase from Rs 149 per sq.ft in 2017 to Rs 223 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Periyaveppthur?

Other streets in Periyaveppthur have varying guideline values ranging from Rs 100 to Rs 150 per sq.ft. For example, Happy Home Garden and Padmavathi Ammal Nagar have a guideline value of Rs 100 per sq.ft.

How is stamp duty calculated for properties in J J Smart City?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 223 per sq.ft, the stamp duty would be Rs 15,610.

Where can I find the Sub Registrar Office for J J Smart City?

The Sub Registrar Office for J J Smart City is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.