Guideline Value for JILLAN ESTATE PARK

Jillan Estate Park guideline value

The current guideline value of Jillan Estate Park is Rs 2,800 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Jillan Estate Park has changed

The guideline value for Jillan Estate Park has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision further increased the value to Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, and Jillan Estate Park's 2024 figure is above this median.

• Jillian's Estate Pvt. Ltd.,: Rs 2,800 per sq.ft (2024)
• J.J.P. Reacity: Rs 2,200 per sq.ft (2024)
• J.Nagar Lay Out: Rs 4,400 per sq.ft (2024)
• Jayaraman Street (Grama Nedunchalai 25th Cross Street): Rs 2,200 per sq.ft (2024)
• Kadakuttai 1st Street: Rs 1,700 per sq.ft (2024)
• Kadakuttai Main Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jillan Estate Park

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jillan Estate Park?

The Sub Registrar Office covering Jillan Estate Park is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in property transactions in Sholinganallur - 1. It is the value used for calculating stamp duty and registration fees when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, buyers should be aware that the guideline value will be considered for the calculation of fees, and it is essential to ensure that the sale price is in line with the guideline value to avoid any discrepancies.

Frequently asked questions

What is the current guideline value of Jillan Estate Park?

The current guideline value of Jillan Estate Park is Rs 2,800 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 from Rs 1,675 per sq.ft to Rs 2,800 per sq.ft in 2024, marking an overall increase of 67%.

What are the stamp duty and registration fees for properties in Jillan Estate Park?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,52,000.

What is the land classification for Jillan Estate Park?

Jillan Estate Park is classified as Residential Class II Type - II, which is important for understanding the property's zoning and usage regulations.

Where can I find the Sub Registrar Office for Jillan Estate Park?

The Sub Registrar Office for Jillan Estate Park is located at Neelankarai Sub Registrar Office, 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.