Guideline Value for J.J.S GARDEN

J.J.S Garden guideline value

The current guideline value of J.J.S Garden, located in Nedunkumdram village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of J.J.S Garden has changed

Since the 2017 revision, the guideline value for J.J.S Garden has remained stable at Rs 2,000 per sq.ft until the 2023 revision. In 2023, the guideline value was revised to Rs 2,000 per sq.ft, and then increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

Looking at the overall changes, from 2017 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has 75 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which matches the current guideline value for J.J.S Garden.

• J.J.S 2nd Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S 1st Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S Garden Phase II: Rs 3,300 per sq.ft (2024)
• Jssr Sai Krupa Nagar: Rs 3,300 per sq.ft (2024)
• Jayaram Nagar: Rs 1,100 per sq.ft (2024)
• J V C Samuvel Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in J.J.S Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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, making the total fees 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 also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers J.J.S Garden?

The Sub Registrar Office covering J.J.S Garden is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nedunkumdram. It determines the amount of stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. This ensures that all transactions are conducted transparently and in accordance with the established property values in the area.

Frequently asked questions

What is the current guideline value of J.J.S Garden?

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

How has the guideline value changed over the years?

The guideline value for J.J.S Garden has remained at Rs 2,000 per sq.ft from 2017 to 2023, and then increased by 10% to Rs 2,200 per sq.ft in 2024.

What is the land classification for J.J.S Garden?

The land classification for J.J.S Garden is Mixed Type - II.

Where is the Sub Registrar Office for J.J.S Garden located?

The Sub Registrar Office for J.J.S Garden is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in J.J.S Garden?

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