Guideline Value for J.r Garden ஜெ.ஆர். கார்ட‌ன்

J.R Garden ஜெ.ஆர். கார்ட‌ன் guideline value

The current guideline value of J.R Garden ஜெ.ஆர். கார்ட‌ன் is Rs 2,630 per sq.ft, effective from 1 July 2024. This property is located in Kolumanivakkam village, under the Kunrathur SRO, and is classified as Mixed Type - II.

How the guideline value of J.R Garden ஜெ.ஆர். கார்ட‌ன் has changed

The guideline value for J.R Garden has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,600 per sq.ft. This increased to Rs 2,389 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,630 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. 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 Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for the area is Rs 1,350 per sq.ft, indicating that J.R Garden's 2024 figure is above this median.

• Jai Nagar: Rs 990 per sq.ft (2024)
• Hari Sai Nagar: Rs 3,290 per sq.ft (2024)
• Golden City: Rs 1,210 per sq.ft (2024)
• Krishnambal Nagar: Rs 990 per sq.ft (2024)
• Kuberan Nagar: Rs 1,210 per sq.ft (2024)
• Kumari Nagar: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in J.R Garden ஜெ.ஆர். கார்ட‌ன்

For a 1,000 sq.ft plot at the current guideline value of Rs 2,630 per sq.ft, the total guideline value amounts to Rs 26,30,000. The stamp duty at 7% would be Rs 1,84,100, and the registration fee at 2% would be Rs 52,600, bringing the total cost for these fees to Rs 2,36,700. 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 detailed calculations.

Which Sub Registrar Office covers J.R Garden ஜெ.ஆர். கார்ட‌ன்?

The J.R Garden is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

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 duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of J.R Garden is Rs 2,630 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,600 per sq.ft to Rs 2,630 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the stamp duty rate for properties in J.R Garden?

The stamp duty rate for properties in J.R Garden is 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about the Kunrathur Sub Registrar Office?

You can find more information about the Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069. For additional details, you can find your SRO.

What are the guideline values of other streets in Kolumanivakkam?

Other streets in Kolumanivakkam have varying guideline values. For example, Jai Nagar is Rs 990 per sq.ft, while Hari Sai Nagar is Rs 3,290 per sq.ft. These values reflect the diversity of property prices in the area.