Guideline Value for J.P. Roberts Residency

J.P. Roberts Residency guideline value

The current guideline value of J.P. Roberts Residency is Rs 300 per sq.ft. It is located in Seethalamangalam village, under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of J.P. Roberts Residency has changed

The guideline value for J.P. Roberts Residency has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which was unchanged in the 2017 revision, where it remained at Rs 201 per sq.ft. The 2023 revision also maintained the value at Rs 300 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 300 per sq.ft.

Guideline values in Seethalamangalam

In Seethalamangalam, five streets under the Madurandakam SRO have a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with the median being Rs 300 per sq.ft. J.P. Roberts Residency's 2024 figure matches this median value.

• Dharsini Nagar: Rs 300 per sq.ft (2024)
• Sai Dhanalakshmi Nagar: Rs 101 per sq.ft (2024)
• Varalakshmi Garden & Extension: Rs 300 per sq.ft (2024)
• Victory Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in J.P. Roberts Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers J.P. Roberts Residency?

The Sub Registrar Office that covers J.P. Roberts Residency is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Seethalamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of J.P. Roberts Residency?

The current guideline value of J.P. Roberts Residency is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017.

What are the other streets in Seethalamangalam?

Other streets in Seethalamangalam include Dharsini Nagar, Sai Dhanalakshmi Nagar, Varalakshmi Garden & Extension, and Victory Nagar, with guideline values ranging from Rs 101 to Rs 300 per sq.ft as of 2024.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft results in a total guideline value of Rs 3,00,000, leading to a stamp duty of Rs 21,000.

Where can I find the Sub Registrar Office for J.P. Roberts Residency?

The Sub Registrar Office for J.P. Roberts Residency is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find more information by visiting the appropriate link.