Guideline Value for JBM Independence nagar

JBM Independence nagar guideline value

The current guideline value of JBM Independence nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur_C village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of JBM Independence nagar has changed

The guideline value of JBM Independence nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 500 per sq.ft. As of the 2024 revision, the guideline value remains at Rs 500 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 500 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, maintaining the same rate since 2023.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, making the 2024 figure for JBM Independence nagar above this median.

• Jothi Nagar: Rs 600 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Ganga Garden C: Rs 300 per sq.ft (2024)
• Ganga Garden B: Rs 300 per sq.ft (2024)
• Ganga Garden A: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in JBM Independence nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 Independence nagar?

The Sub Registrar Office that covers JBM Independence nagar is the Sunguvarchattram Sub Registrar Office. The address is Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Santhavellur_C. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the buying or selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of JBM Independence nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision. It increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% increase over that period.

What is the median guideline value in Santhavellur_C?

The median guideline value in Santhavellur_C is Rs 350 per sq.ft. JBM Independence nagar's current guideline value is above this median.

What are the stamp duty rates for properties in JBM Independence nagar?

The stamp duty for properties in JBM Independence nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for JBM Independence nagar?

The Sub Registrar Office for JBM Independence nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone.