Guideline Value for J.C.P. Garden (Ward-10)

J.C.P. Garden (Ward-10) guideline value

The current guideline value of J.C.P. Garden (Ward-10) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of J.C.P. Garden (Ward-10) has changed

In the 2012 revision, the guideline value for J.C.P. Garden (Ward-10) was Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

Madhavaram village has 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, placing J.C.P. Garden (Ward-10) above this median.

• J.B. Garden Phase-III: Rs 2,700 per sq.ft (2024)
• J.B. Garden Phase-II: Rs 2,700 per sq.ft (2024)
• J.B. Garden Phase-1: Rs 2,700 per sq.ft (2024)
• Jeeva Nagar: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar (Ward-10): Rs 1,300 per sq.ft (2024)
• J.J. Garden Part-I: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in J.C.P. Garden (Ward-10)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers J.C.P. Garden (Ward-10)?

The Sub Registrar Office that covers J.C.P. Garden (Ward-10) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

Frequently asked questions

What is the current guideline value of J.C.P. Garden (Ward-10)?

The current guideline value of J.C.P. Garden (Ward-10) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There was no change in the 2023 revision, where it remained at Rs 2,000 per sq.ft.

What is the land classification for J.C.P. Garden (Ward-10)?

J.C.P. Garden (Ward-10) is classified as Residential Class I Type - I. This classification is important for understanding the potential uses of the property.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all property registrations in the area.

How is the stamp duty calculated for properties in J.C.P. Garden (Ward-10)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.