Guideline Value for J.J.P. REACITY

J.J.P. Reacity guideline value

The current guideline value of J.J.P. Reacity is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of J.J.P. Reacity has changed

The guideline value for J.J.P. Reacity has been recorded in the register starting from the 2024 revision at Rs 2,200 per sq.ft. The register does not contain figures for the years 2023, 2017, 2012, 2007, 2003, and 2002 for this street.

There have been no changes between the revisions available. The only figure recorded is from the 2024 revision, which stands at Rs 2,200 per sq.ft.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, which is the same as the guideline value for J.J.P. Reacity.

• J.Nagar Lay Out: Rs 4,400 per sq.ft (2024)
• Jillian's Estate Pvt. Ltd.,: Rs 2,800 per sq.ft (2024)
• Jillan Estate Park: Rs 2,800 per sq.ft (2024)
• Kadakuttai 1st Street: Rs 1,700 per sq.ft (2024)
• Kadakuttai Main Street: Rs 1,700 per sq.ft (2024)
• Kadakuttai Main Street Extension: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in J.J.P. Reacity

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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.J.P. Reacity?

The Sub Registrar Office that covers J.J.P. Reacity is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sholinganallur - 1, the guideline value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for property valuation, influencing the overall transaction costs.

Frequently asked questions

What is the current guideline value of J.J.P. Reacity?

The current guideline value of J.J.P. Reacity is Rs 2,200 per sq.ft, effective from 1 July 2024.

Which Sub Registrar Office covers J.J.P. Reacity?

The Neelankarai Sub Registrar Office covers J.J.P. Reacity, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 include J.Nagar Lay Out, Jillian's Estate Pvt. Ltd., Jillan Estate Park, Kadakuttai 1st Street, Kadakuttai Main Street, and Kadakuttai Main Street Extension, each with their respective guideline values.

How is stamp duty calculated for properties in J.J.P. Reacity?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,54,000.

What is the land classification of J.J.P. Reacity?

J.J.P. Reacity is classified as Residential Class II Type - III, indicating its designation for residential use within the Neelankarai SRO.