Guideline Value for JBM Garden

JBM Garden guideline value

The current guideline value of JBM Garden, located in Ponthoor village under the Sriperumpudur SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of JBM Garden has changed

In the 2017 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,500 per sq.ft. With the upcoming 2024 revision, the guideline value has again been set at Rs 1,500 per sq.ft, resulting in no percentage change from 2023 to 2024. The overall change from 2017 to 2024 shows an increase of 50%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the only recorded changes are between the 2017, 2023, and 2024 revisions, with the 2023 to 2024 revision showing a 0% change and a 50% increase from 2017 to 2023.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 2,239 per sq.ft. The median value among these streets is Rs 300 per sq.ft, placing JBM Garden's 2024 figure above that median.

• Jayanthi Nagar: Rs 402 per sq.ft (2024)
• Jemi Garden Avenue: Rs 402 per sq.ft (2024)
• Jpm Republic Villa: Rs 2,239 per sq.ft (2024)
• Jss Nagar: Rs 448 per sq.ft (2024)
• Iruvatchi Poo Street: Rs 200 per sq.ft (2024)
• Irular Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in JBM Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers JBM Garden?

The JBM Garden area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees. This ensures that both parties are aware of the financial implications associated with the property transaction.

Frequently asked questions

What is the current guideline value of JBM Garden?

The current guideline value of JBM Garden is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50% to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions. There were no changes recorded for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Ponthoor?

Other streets in Ponthoor have a range of guideline values for 2024, from Rs 200 to Rs 2,239 per sq.ft. JBM Garden's value is above the median of Rs 300 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,35,000. This includes Rs 1,05,000 for stamp duty and Rs 30,000 for registration fees.

Which office handles property registrations for JBM Garden?

The Sriperumpudur Sub Registrar Office handles property registrations for JBM Garden. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.