Guideline Value for JAMES GARDEN

James Garden guideline value

The current guideline value of James Garden is Rs 241 per sq.ft, effective from 1 July 2024. This area is located in Vengal village and falls under the Arani_Tiruvallur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of James Garden has changed

In the 2017 revision, the guideline value for James Garden was set at Rs 161 per sq.ft. This figure increased by 50% to Rs 241 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 241 per sq.ft, showing no change from the previous year. 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 2023 to 2024 revision shows no change, maintaining the current rate at Rs 241 per sq.ft.

Guideline values in Vengal

In Vengal village, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 130 to Rs 281 per sq.ft. The median value for these streets is Rs 171 per sq.ft, and James Garden's 2024 value is above this median.

• Elumalai Nagar: Rs 150 per sq.ft (2024)
• Lakshmi Nagar Phase-1: Rs 130 per sq.ft (2024)
• Nasic Nagar Phase-1: Rs 130 per sq.ft (2024)
• Annai Gomathi Nagar: Rs 200 per sq.ft (2024)
• R.R.B. Nagar: Rs 171 per sq.ft (2024)
• Sri Nagathamman Nagar: Rs 281 per sq.ft (2024)

Stamp duty and registration fee for property in James Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 241 per sq.ft, the total guideline value amounts to Rs 2,41,000. The stamp duty at 7% would be Rs 16,870, and the registration fee at 2% would be Rs 4,820, leading to a total of Rs 21,690. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers James Garden?

The Sub Registrar Office that covers James Garden is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, within the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the government.

When buying or selling property, the guideline value helps in determining the legal value of the property for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of James Garden?

The current guideline value of James Garden is Rs 241 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of James Garden has seen an increase from Rs 161 per sq.ft in 2017 to Rs 241 per sq.ft in 2023, maintaining the same value in 2024. This represents a 50% increase overall from 2017 to 2024.

What are the guideline values of other streets in Vengal?

Other streets in Vengal have varying guideline values, with rates ranging from Rs 130 to Rs 281 per sq.ft. James Garden's value is above the median of Rs 171 per sq.ft for these streets.

What are the stamp duty and registration fees for property in James Garden?

For a property valued at Rs 2,41,000 in James Garden, the stamp duty would be Rs 16,870 and the registration fee would be Rs 4,820, totaling Rs 21,690. These fees are based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for James Garden located?

The Sub Registrar Office covering James Garden is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai. This office handles the registration of properties in the area.