Guideline Value for JACOB GARDEN

Jacob Garden guideline value

The current guideline value of Jacob Garden, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 569 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Jacob Garden has changed

The guideline value for Jacob Garden has remained consistent over the years. The 2017 revision set the value at Rs 569 per sq.ft, which was unchanged in the subsequent revisions of 2023 and 2024, indicating a stable valuation over this period. Notably, there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a 0% change, and similarly, from 2023 to 2024, the guideline value also saw a 0% change. Overall, from 2017 to 2024, the guideline value has not fluctuated, remaining at Rs 569 per sq.ft throughout.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, making Jacob Garden's 2024 figure of Rs 569 per sq.ft above the median.

• JBM Independence Nagar: Rs 500 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 per sq.ft (2024)
• Jothi Nagar: Rs 600 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Ganga Garden C: Rs 305 per sq.ft (2024)
• Ganga Garden B: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Jacob Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 569 per sq.ft, the total guideline value amounts to Rs 5,69,000. The stamp duty at 7% would be Rs 39,830, and the registration fee at 2% would be Rs 11,380, bringing the total fees together to Rs 51,210. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jacob Garden?

The Sub Registrar Office that covers Jacob Garden is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the official valuation of the property.

When a property is sold, the guideline value helps in calculating the necessary fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Jacob Garden?

The current guideline value of Jacob Garden is Rs 569 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jacob Garden has remained unchanged at Rs 569 per sq.ft from 2017 through 2024, with no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification of Jacob Garden?

Jacob Garden is classified as Residential Class I Type - III, indicating its designation for residential use within the area.

What are the stamp duty rates for properties in Jacob Garden?

The stamp duty for properties in Jacob Garden is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is set at 2% of the guideline value or sale price.

Where is the Sub Registrar Office for Jacob Garden located?

The Sub Registrar Office covering Jacob Garden is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.