Guideline Value for JAYANTHI GARDEN

Jayanthi Garden guideline value

The current guideline value of Jayanthi Garden in Chemmancheri village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Neelankarai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Jayanthi Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure then decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,000 per sq.ft. The latest revision in 2024 has further raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

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

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 Jayanthi Garden is below this median.

• Jayanthi / Kodanda Pani Garden: Rs 1,000 per sq.ft (2024)
• Jayapal Garden: Rs 1,100 per sq.ft (2024)
• Jayaraj Garden: Rs 1,100 per sq.ft (2024)
• Jayalakshmi Garden: Rs 1,700 per sq.ft (2024)
• Jawahar Nagar: Rs 1,100 per sq.ft (2024)
• Jappiar College: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jayanthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayanthi Garden?

The Jayanthi Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during property registration in Chemmancheri. It helps determine the applicable stamp duty and registration fees based on the property's valuation.

When a buyer or seller engages in a transaction, the guideline value serves as a benchmark for calculating the fees, ensuring that both parties are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Jayanthi Garden?

The current guideline value of Jayanthi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for Jayanthi Garden?

For a 1,000 sq.ft plot, the guideline value is Rs 11,00,000. The stamp duty at 7% is Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Jayanthi Garden?

The Neelankarai Sub Registrar Office handles registrations for Jayanthi Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification of Jayanthi Garden?

Jayanthi Garden is classified as Residential Class IV Type - II under the Neelankarai SRO.