Guideline Value for J P GREEN GARDEN

J P Green Garden guideline value

The current guideline value of J P Green Garden is Rs 2,530 per sq.ft, effective from 1 July 2024. This property is located in Thiruvancheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of J P Green Garden has changed

The guideline value for J P Green Garden has experienced several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,530 per sq.ft, a significant increase from the 2023 revision, which was Rs 1,541 per sq.ft. Notably, there was no change in the value from 2017 to 2023, as both years recorded the same figure of Rs 1,541 per sq.ft. The earlier revisions from 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Overall, the guideline value has increased by 64% from Rs 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024. This change reflects the adjustments made in the most recent revision, which saw a 64% increase from the previous year.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft, with a median value of Rs 1,980 per sq.ft. J P Green Garden's 2024 figure is above this median, indicating its higher valuation compared to many other streets in the area.

• Jothi Nagar: Rs 2,530 per sq.ft (2024)
• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• Kalainger Street: Rs 2,530 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Jalan Kennady Street: Rs 1,980 per sq.ft (2024)
• Jai Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in J P Green Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration fees would be Rs 2,27,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J P Green Garden?

The Sub Registrar Office that covers J P Green Garden is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering a property in Thiruvancheri. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately for taxation purposes.

When you buy or sell a property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all transactions are transparent and comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of J P Green Garden?

The current guideline value of J P Green Garden is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2024, the guideline value increased by 64%, from Rs 1,541 per sq.ft to Rs 2,530 per sq.ft. There was no change in the value from 2017 to 2023, as both years recorded Rs 1,541 per sq.ft.

What is the land classification of J P Green Garden?

J P Green Garden is classified as Residential Class I Type - III, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for a property in J P Green Garden?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for J P Green Garden?

The Pallavaram Sub Registrar Office handles registrations for J P Green Garden. It is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.