Guideline Value for J.S. GARDEN PHASE-I

J.S. Garden Phase-I guideline value

The current guideline value of J.S. Garden Phase-I in Keelakazhani village is Rs 896 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

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

In the 2017 revision, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 896 per sq.ft. The 2024 revision has maintained the same guideline value of Rs 896 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing J.S. Garden Phase-I's 2024 figure above this median.

• J S Garden: Rs 600 per sq.ft (2024)
• Kuberra Nagar: Rs 700 per sq.ft (2024)
• Ganapathi Nagar: Rs 700 per sq.ft (2024)
• Mahalakshmi Nagar Phase-I: Rs 700 per sq.ft (2024)
• Mahalakshmi Nagar Phase-II: Rs 700 per sq.ft (2024)
• Dalmia Nagar: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 896 per sq.ft, the total guideline value amounts to Rs 8,96,000. The stamp duty at 7% would be Rs 62,720, and the registration fee at 2% would be Rs 17,920, bringing the total fees together to Rs 80,640. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.S. Garden Phase-I?

The Sub Registrar Office covering J.S. Garden Phase-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Keelakazhani. It is used to determine the stamp duty and registration fees that must be paid 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 fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of J.S. Garden Phase-I is Rs 896 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 896 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 600 per sq.ft in 2017 to Rs 896 per sq.ft in 2024.

What are the other streets in Keelakazhani with their guideline values?

Other streets in Keelakazhani include J S Garden at Rs 600 per sq.ft, Kuberra Nagar, Ganapathi Nagar, Mahalaksmi Nagar Phase-I and Phase-II at Rs 700 per sq.ft, and Dalmia Nagar at Rs 600 per sq.ft.

What is the stamp duty rate for properties in J.S. Garden Phase-I?

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

Where can I find the Sub Registrar Office for J.S. Garden Phase-I?

The Sub Registrar Office for J.S. Garden Phase-I is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.