Guideline Value for JASMINE GARDEN

Jasmine Garden guideline value

The current guideline value of Jasmine Garden is Rs 1,200 per sq.ft. It is located in Polacheri village under the Gooduvancheri SRO, with a land classification of Residential Special Type - II.

How the guideline value of Jasmine Garden has changed

The guideline value for Jasmine Garden has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. However, the 2023 revision brought the guideline value back up to Rs 1,200 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. In contrast, the period from 2012 to 2017 experienced a decline of 33%. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,200 per sq.ft.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Jasmine Garden is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Jasmine Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Jasmine Garden?

The Jasmine Garden area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Polacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Jasmine Garden?

The current guideline value of Jasmine Garden is Rs 1,200 per sq.ft as per the 2023 revision.

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, and then back to Rs 1,200 per sq.ft in 2023.

What is the stamp duty rate for properties in Jasmine Garden?

The stamp duty rate for properties in Jasmine Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected.