Guideline Value for JAIN HOUSING

Jain Housing guideline value

The current guideline value for Jain Housing in Padur village, under the Thiruporur SRO, is Rs 2,500 per sq.ft as per the 2023 revision. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Jain Housing has changed

Looking at the revisions, the earliest entry in the register is from 2002, but there is no figure for this street in that year. The same applies to the subsequent revisions in 2003, 2007, 2012, and 2017, as the register has no figure for this street in these years.

The most recent revision in 2023 shows a guideline value of Rs 2,500 per sq.ft. There have been no changes between the revisions above, indicating that the guideline value has remained stable since the last recorded figure.

Guideline values in Padur

Currently, there are no specific village figures provided for Padur. Jain Housing is part of this locality, and there are no other streets in Padur listed in the available data.

Stamp duty and registration fee for property in Jain Housing

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jain Housing?

The Sub Registrar Office that covers Jain Housing is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jain Housing?

The current guideline value of Jain Housing is Rs 2,500 per sq.ft as per the 2023 revision.

What is the land classification for Jain Housing?

The land classification for Jain Housing is Commercial Class I Type - II.

How often does the guideline value get revised?

The guideline value is revised periodically, with the latest revision for Jain Housing being in 2023. Previous revisions in 2002, 2003, 2007, 2012, and 2017 have no figures for this street.

How is stamp duty calculated for properties in Jain Housing?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,25,000.

Where is the Sub Registrar Office for Jain Housing located?

The Sub Registrar Office covering Jain Housing is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.