Guideline Value for JP ANANDAENCLAVE (CHEN)

Jp Anandaenclave (Chen) guideline value

The current guideline value of Jp Anandaenclave (Chen) is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village under the Chengleput Joint II SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Jp Anandaenclave (Chen) has changed

Since the 2012 revision, the guideline value for Jp Anandaenclave (Chen) has seen several changes. In 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 880 per sq.ft, a 10% increase from the 2023 figure.

The guideline value register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which matches the current value of Jp Anandaenclave (Chen).

• J V Avenue (Chen): Rs 770 per sq.ft (2024)
• Kaliammal Nagar (Chen): Rs 770 per sq.ft (2024)
• Jayambal Street (Chen): Rs 660 per sq.ft (2024)
• Jamuna Auto Industrial Road (Chen): Rs 1,320 per sq.ft (2024)
• Jai Nagar (Chen): Rs 770 per sq.ft (2024)
• Industrial Ariya (Chen): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jp Anandaenclave (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, leading to a total cost of Rs 79,200. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jp Anandaenclave (Chen)?

The Sub Registrar Office that covers Jp Anandaenclave (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jp Anandaenclave (Chen)?

The current guideline value of Jp Anandaenclave (Chen) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Jp Anandaenclave (Chen)?

Jp Anandaenclave (Chen) falls under the Residential Class I Type - I land classification.

What is the stamp duty rate for properties in Jp Anandaenclave (Chen)?

The stamp duty rate for properties in Jp Anandaenclave (Chen) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jp Anandaenclave (Chen)?

The Sub Registrar Office for Jp Anandaenclave (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.