Guideline Value for JAWHARS EMERALD GARDEN

Jawhars Emerald Garden guideline value

The current guideline value of Jawhars Emerald Garden is Rs 600 per sq.ft. This property is located in Kolathur village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Jawhars Emerald Garden has changed

Since the 2012 revision, the guideline value for Jawhars Emerald Garden has seen various changes. In 2012, the guideline value was Rs 600 per sq.ft, which remained unchanged in the 2017 revision, where it was still Rs 600 per sq.ft. However, prior to that, in 2017, the value had increased significantly from Rs 402 per sq.ft in 2017, marking a 49% increase. The register has no figure for the years 2002, 2003, and 2007.

In the 2023 revision, the guideline value remained stable at Rs 600 per sq.ft, and this value continued into the 2024 revision, which also set the guideline value at Rs 600 per sq.ft, reflecting a 0% change from the previous year. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft, with the median being Rs 600 per sq.ft. The guideline value for Jawhars Emerald Garden aligns with this median.

• Jayam Nagar: Rs 600 per sq.ft (2024)
• Jerusalam Nagar: Rs 600 per sq.ft (2024)
• Iniya Nagar: Rs 800 per sq.ft (2024)
• J.P.Jai Residency: Rs 700 per sq.ft (2024)
• Kamadhenu Avenue: Rs 700 per sq.ft (2024)
• Green Hill Avenue: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Jawhars Emerald Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is calculated at 7%, which equals Rs 42,000, and the registration fee is 2%, amounting to Rs 12,000. Together, the total cost for stamp duty and registration fee is Rs 54,000. It is important to note that 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 Jawhars Emerald Garden?

The Sub Registrar Office that covers Jawhars Emerald Garden 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 for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kolathur. It serves as a benchmark for assessing the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. This value is used to calculate the applicable duties and fees, ensuring transparency in the property market.

Frequently asked questions

What is the current guideline value of Jawhars Emerald Garden?

The current guideline value of Jawhars Emerald Garden is Rs 600 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a notable increase from Rs 402 per sq.ft in 2017. There were no changes from 2023 to 2024.

What are the stamp duty and registration fees for properties in Jawhars Emerald Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,00,000, leading to a stamp duty of Rs 42,000 and a registration fee of Rs 12,000. The total cost for these fees is Rs 54,000.

Which office handles property registrations for Jawhars Emerald Garden?

The Chengleput Joint II Sub Registrar Office handles property registrations for Jawhars Emerald Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value determined for properties in Kolathur?

The guideline value for properties in Kolathur is determined based on several factors, including location and land classification. It serves as a reference for calculating stamp duty and registration fees during property transactions.