Guideline Value for JAMUNA AUTO INDUSTRIAL ROAD (CHEN)

Jamuna Auto Industrial Road (Chen) guideline value

The current guideline value of Jamuna Auto Industrial Road (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024. This road is located in Sengundram - 1 village under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Jamuna Auto Industrial Road (Chen) has changed

The guideline value for Jamuna Auto Industrial Road (Chen) has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The latest revision in 2024 saw a further increase to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for the village is Rs 880 per sq.ft, placing the 2024 figure for Jamuna Auto Industrial Road (Chen) above this median.

• Jai Nagar (Chen): Rs 770 per sq.ft (2024)
• Jayambal Street (Chen): Rs 660 per sq.ft (2024)
• Industrial Ariya (Chen): Rs 1,320 per sq.ft (2024)
• Indira*s Orchard Town: Rs 1,100 per sq.ft (2024)
• Jp Anandaenclave (Chen): Rs 880 per sq.ft (2024)
• J V Avenue (Chen): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Jamuna Auto Industrial Road (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jamuna Auto Industrial Road (Chen)?

The Sub Registrar Office that covers Jamuna Auto Industrial Road (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO here.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor when buying or selling property in Sengundram - 1. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that the guideline value may differ from the actual sale price, but the higher of the two will be used for calculating duties.

Additionally, the guideline value is regularly revised by the authorities to reflect changes in the real estate market. It is advisable for buyers and sellers to stay updated on these revisions to ensure compliance and accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value of Jamuna Auto Industrial Road (Chen)?

The current guideline value of Jamuna Auto Industrial Road (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Jamuna Auto Industrial Road (Chen)?

Jamuna Auto Industrial Road (Chen) is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Jamuna Auto Industrial Road (Chen)?

The Chengleput Joint II Sub Registrar Office handles registrations for Jamuna Auto Industrial Road (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.