Guideline Value for JASMINE GARDEN(S.NO8/5.8/7)

Jasmine Garden(S.No8/5.8/7) guideline value

The current guideline value for Jasmine Garden(S.No8/5.8/7) is Rs 150 per sq.ft. This property is located in Thamaraipakkam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class III Type - I.

How the guideline value of Jasmine Garden(S.No8/5.8/7) has changed

The guideline value for Jasmine Garden(S.No8/5.8/7) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. However, in the 2017 revision, it decreased to Rs 100 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 150 per sq.ft, resulting in a 50% rise from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 150 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thamaraipakkam

Currently, there are no specific village figures provided for Thamaraipakkam. Jasmine Garden(S.No8/5.8/7) is one of the properties in this area, and there are no other streets in Thamaraipakkam under the Tiruvallur Joint 1 SRO listed.

Stamp duty and registration fee for property in Jasmine Garden(S.No8/5.8/7)

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that 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 Jasmine Garden(S.No8/5.8/7)?

The Jasmine Garden(S.No8/5.8/7) property falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thamaraipakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Jasmine Garden(S.No8/5.8/7)?

The current guideline value for Jasmine Garden(S.No8/5.8/7) is Rs 150 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Jasmine Garden(S.No8/5.8/7) was Rs 150 per sq.ft in 2012, decreased to Rs 100 per sq.ft in 2017, and then increased back to Rs 150 per sq.ft in 2023.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,500, which includes Rs 10,500 for stamp duty and Rs 3,000 for the registration fee.

Which Sub Registrar Office covers Jasmine Garden(S.No8/5.8/7)?

The Tiruvallur Joint 1 Sub Registrar Office covers Jasmine Garden(S.No8/5.8/7), located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there any other streets in Thamaraipakkam listed under the Tiruvallur Joint 1 SRO?

There are no other streets in Thamaraipakkam listed under the Tiruvallur Joint 1 SRO at this time.