Guideline Value for JJS SHRIVARI NILAYAM

Jjs Shrivari Nilayam guideline value

The current guideline value of Jjs Shrivari Nilayam in Karasangal village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class III Type - IV.

How the guideline value of Jjs Shrivari Nilayam has changed

The guideline value for Jjs Shrivari Nilayam has remained consistent over the recent revisions. The 2023 revision also listed the value at Rs 2,200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, the guideline value saw a change of +0%, maintaining the value at Rs 2,200 per sq.ft. This stability suggests a consistent valuation for the property in recent times.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing Jjs Shrivari Nilayam's guideline value above this median.

• Kakkanji street: Rs 100 per sq.ft (2024)
• Kalanijar Street: Rs 250 per sq.ft (2024)
• Indira Gandhi Street: Rs 250 per sq.ft (2024)
• GSN Nagar: Rs 600 per sq.ft (2024)
• Lakshmana Narayana Perumal Koil Street: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jjs Shrivari Nilayam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jjs Shrivari Nilayam?

The Sub Registrar Office that covers Jjs Shrivari Nilayam is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Jjs Shrivari Nilayam?

The current guideline value of Jjs Shrivari Nilayam is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,200 per sq.ft for both 2023 and 2024, with no changes recorded in previous revisions for this street.

What is the classification of Jjs Shrivari Nilayam?

Jjs Shrivari Nilayam is classified as Residential Class III Type - IV.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Jjs Shrivari Nilayam?

The Sub Registrar Office for Jjs Shrivari Nilayam is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.