Guideline Value for JAPPIAR COLLEGE

Jappiar College guideline value

The current guideline value of Jappiar College is Rs 3,300 per sq.ft, effective from 1 July 2024. It is located in Chemmancheri village under the Neelankarai SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Jappiar College has changed

The guideline value for Jappiar College has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the Rs 2,010 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Jappiar College is above this median.

• Jansen Srikrithi: Rs 3,300 per sq.ft (2024)
• Janani's Shrinilayalam: Rs 4,100 per sq.ft (2024)
• Janani's Raghav Enclave: Rs 1,700 per sq.ft (2024)
• Janani Jai Balaji Avenue: Rs 1,700 per sq.ft (2024)
• Janani Homes/ Janani's Cm Enclave: Rs 1,700 per sq.ft (2024)
• Jawahar Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jappiar College

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jappiar College?

The Jappiar College property falls under 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 further information.

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

The guideline value is a crucial reference point for property transactions in Chemmancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this valuation.

When buying or selling property, the guideline value serves as a benchmark for pricing. Buyers and sellers should be aware of this value to make informed decisions and comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Jappiar College?

The current guideline value of Jappiar College is Rs 3,300 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2012, 2017, 2023, and 2024.

What was the guideline value in 2017?

The guideline value for Jappiar College in 2017 was Rs 2,010 per sq.ft.

What is the stamp duty rate for property in Jappiar College?

The stamp duty rate for property transactions in Jappiar College is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

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