Guideline Value for JAINS PEEBLE BROOK

Jains Peeble Brook guideline value

The current guideline value of Jains Peeble Brook is Rs 2,800 per sq.ft, effective from 1 July 2024. This property is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Jains Peeble Brook has changed

Since the 2012 revision, the guideline value for Jains Peeble Brook has seen several changes. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally rose to Rs 2,800 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 12% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Jains Peeble Brook's 2024 guideline value below that median.

• Jawaharlal Nehru Nagar: Rs 1,700 per sq.ft (2024)
• Iyappa Lay Out (Sri): Rs 2,200 per sq.ft (2024)
• JAYADEVI 1st STREET: Rs 2,800 per sq.ft (2024)
• Ishwariya Foundations: Rs 2,200 per sq.ft (2024)
• Industrial Estate Road: Rs 6,400 per sq.ft (2024)
• Indiragandhi Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jains Peeble Brook

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jains Peeble Brook?

The Sub Registrar Office that covers Jains Peeble Brook is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Okkiyamthuraipakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Jains Peeble Brook?

The current guideline value of Jains Peeble Brook is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the stamp duty rate for properties in Jains Peeble Brook?

The stamp duty rate for properties in Jains Peeble Brook is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Jains Peeble Brook?

The Sub Registrar Office for Jains Peeble Brook is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with Jains Peeble Brook's value being below this median.