Guideline Value for J.S.GARDEN

J.S.Garden guideline value

The current guideline value of J.S.Garden, located in Pusivakkam village under the Walajabad SRO, is Rs 598 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - III land classification.

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

The guideline value for J.S.Garden has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 598 per sq.ft, consistent with the 2023 revision. Prior to that, the 2017 revision set the value at Rs 400 per sq.ft, marking a 50% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The stability in the 2023 to 2024 period indicates no change in the value during that time.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 598 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing J.S.Garden's 2024 figure above that median.

• Ishvariyam Nagar: Rs 126 per sq.ft (2024)
• Margo Tree Farm Lout: Rs 100 per sq.ft (2024)
• Brindavan Garden Phase-I: Rs 150 per sq.ft (2024)
• Antony Avenue: Rs 100 per sq.ft (2024)
• Annai Nagar: Rs 126 per sq.ft (2024)
• Royal City Phase-I: Rs 175 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 598 per sq.ft, the total guideline value amounts to Rs 5,98,000. The stamp duty at 7% would be Rs 41,860, and the registration fee at 2% would be Rs 11,960, bringing the total cost for these fees to Rs 53,820. 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 more information.

Which Sub Registrar Office covers J.S.Garden?

The J.S.Garden area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pusivakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the appropriate taxes are levied, contributing to the state's revenue. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of J.S.Garden is Rs 598 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 598 per sq.ft from 2023 to 2024 and increased from Rs 400 per sq.ft in 2017 to Rs 598 per sq.ft in 2023, reflecting a 50% increase overall from 2017 to 2024.

What is the median guideline value in Pusivakkam?

The median guideline value for the 22 streets in Pusivakkam under the Walajabad SRO is Rs 150 per sq.ft, with J.S.Garden's value being above this median.

What are the stamp duty and registration fees for J.S.Garden?

For a 1,000 sq.ft plot in J.S.Garden, the total guideline value is Rs 5,98,000. The stamp duty is Rs 41,860 and the registration fee is Rs 11,960, totaling Rs 53,820 for these fees.

Which office handles registrations for J.S.Garden?

The Walajabad Sub Registrar Office handles registrations for J.S.Garden, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.