Guideline Value for JBM ENCLAVE PHASE -I

Jbm Enclave Phase -I guideline value

The current guideline value of Jbm Enclave Phase -I is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Karanaipuducheri village under the Gooduvancheri SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Jbm Enclave Phase -I has changed

The guideline value for Jbm Enclave Phase -I has seen several revisions over the years. The earliest recorded figure in 2012 was Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 800 per sq.ft, and the 2024 revision has kept it at Rs 800 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained consistent at Rs 800 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, indicating that the value for Jbm Enclave Phase -I is slightly below the median.

• Jayaraman Nagar( 255/2a,259/1a,259/4a1 ): Rs 1,650 per sq.ft (2024)
• Jayaraman Nagar: Rs 800 per sq.ft (2024)
• Hindu Avenue Extn-V: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension I & II: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension -6: Rs 701 per sq.ft (2024)
• Hindu Avenue: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Jbm Enclave Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the 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 Jbm Enclave Phase -I?

The Jbm Enclave Phase -I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure they are compliant with the legal requirements for property transactions.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the government receives the correct revenue based on the property's assessed value, which is crucial for maintaining transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value of Jbm Enclave Phase -I?

The current guideline value of Jbm Enclave Phase -I is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes showing a consistent value of Rs 800 per sq.ft from 2012 to 2024, with a notable decrease to Rs 536 per sq.ft in 2017 before returning to Rs 800 per sq.ft in 2023.

What is the land classification of Jbm Enclave Phase -I?

Jbm Enclave Phase -I is classified under Residential Class I Type - II land classification.

Where can I find the Gooduvancheri Sub Registrar Office?

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

What are the stamp duty and registration fees for properties in Jbm Enclave Phase -I?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are calculated based on the higher of the guideline value or the sale price.