Guideline Value for J.J.GREEN CITY

J.J.Green City guideline value

The current guideline value of J.J.Green City is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Lakshmivilasapuram village under the Thiruvalankadu SRO and is classified as Residential Class III Type - I.

How the guideline value of J.J.Green City has changed

In the 2023 revision, the guideline value for J.J.Green City was Rs 100 per sq.ft. The same value has been retained in the 2024 revision, which also stands at Rs 100 per sq.ft, reflecting a change of +0% from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value for J.J.Green City has remained consistent at Rs 100 per sq.ft from 2023 to 2024. There are no other recorded revisions for this street prior to 2023.

Guideline values in Lakshmivilasapuram

Currently, there are no specific guideline values provided for other streets in Lakshmivilasapuram under the Thiruvalankadu SRO.

Stamp duty and registration fee for property in J.J.Green City

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is calculated at 7%, which totals Rs 7,000, and the registration fee is charged at 2%, amounting to Rs 2,000. Together, the total cost for stamp duty and registration fee would be Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.J.Green City?

The Sub Registrar Office that covers J.J.Green City is the Thiruvalankadu Sub Registrar Office, located at Thiruvalankadu, Panchali Nagar, Thiruvalangadu-631210, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Lakshmivilasapuram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are appropriately assessed based on the property’s value.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and consistent with the established values in the area.

Frequently asked questions

What is the current guideline value of J.J.Green City?

The current guideline value of J.J.Green City is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2023 revision and has not changed from the previous years for which data is available.

What is the land classification for J.J.Green City?

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

What are the stamp duty and registration fees for property in J.J.Green City?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value.

Which office handles registrations for J.J.Green City?

The Thiruvalankadu Sub Registrar Office handles registrations for J.J.Green City, located at Thiruvalankadu, Panchali Nagar, Thiruvalangadu-631210, Chennai registration zone.