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

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

The current guideline value of J.J. 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, and is classified as Residential Class I Type - I.

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

The guideline value for J.J. Garden (Ward-10) has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 2,000 per sq.ft. In 2024, the value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

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

Guideline values in Madhavaram

In Madhavaram, there are 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 value for these streets is Rs 1,600 per sq.ft, placing J.J. Garden (Ward-10) above that median.

• J.J. Garden Part-II: Rs 2,200 per sq.ft (2024)
• J.J. Garden Part-I: Rs 2,200 per sq.ft (2024)
• J.J. Nagar: Rs 1,300 per sq.ft (2024)
• J.J. Nagar (9th Ward): Rs 2,200 per sq.ft (2024)
• J.J. Nagar Extension: Rs 2,200 per sq.ft (2024)
• John Vasu st extn. ( Ward No.4 ): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in J.J. 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, totaling Rs 1,98,000. It is important to note that 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 information.

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

The Sub Registrar Office that covers J.J. 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at an appropriate value, reflecting the official valuation set by the authorities. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of J.J. 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 has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, with no change in the value from 2012 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

What is the land classification of J.J. Garden (Ward-10)?

J.J. Garden (Ward-10) is classified as Residential Class I Type - I, indicating its designation for residential use.

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 the registration of properties in the area.

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

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