Guideline Value for J.J.S GARDEN PHASE II

J.J.S Garden Phase II guideline value

The current guideline value of J.J.S Garden Phase II is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Nedunkumdram village and falls under the Tambaram Joint 1 SRO. The land classification is Residential Class II Type - IV.

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

The guideline value for J.J.S Garden Phase II has seen several revisions over the years. Starting from the 2017 revision, the value was Rs 2,000 per sq.ft. This figure increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 50% increase. The latest revision in 2024 has set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

In Nedunkumdram, there are 75 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 5,300 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of J.J.S Garden Phase II is above this median.

• J.J.S Garden: Rs 2,200 per sq.ft (2024)
• J.J.S 2nd Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S 1st Avenue: Rs 3,960 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 Phase II

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value totals Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

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

The Sub Registrar Office that covers J.J.S Garden Phase II is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nedunkumdram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. This means that even if the actual sale price is lower than the guideline value, the higher value will be used to calculate the applicable fees.

Frequently asked questions

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

The current guideline value of J.J.S Garden Phase II is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 65% over this period.

What is the land classification of J.J.S Garden Phase II?

The land classification of J.J.S Garden Phase II is Residential Class II Type - IV.

Which office handles registrations for J.J.S Garden Phase II?

The Tambaram Joint 1 Sub Registrar Office handles registrations for J.J.S Garden Phase II, located at No.26, Mes Road, East Tambaram, Chennai-600059.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.