Guideline Value for JP HILL VIEW ENCLAVE

Jp Hill View Enclave guideline value

The current guideline value of Jp Hill View Enclave, located in Chettipunniyam village under the Chengleput Joint II SRO, is Rs 1,200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Jp Hill View Enclave has changed

Over the years, the guideline value for Jp Hill View Enclave has undergone several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023. The 2023 revision maintained the same value of Rs 1,200 per sq.ft, and this value will continue into the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating stability in the guideline value over this period.

Guideline values in Chettipunniyam

In Chettipunniyam village, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft, with a median value of Rs 900 per sq.ft. Jp Hill View Enclave's 2024 figure of Rs 1,200 per sq.ft is above this median.

• Jothi Nagar: Rs 700 per sq.ft (2024)
• Inthira Gandhi Nagar: Rs 700 per sq.ft (2024)
• Hygrevar Gardens: Rs 900 per sq.ft (2024)
• Hayagreevar Nagar Phase III - Extension: Rs 900 per sq.ft (2024)
• Hallmark Emerald: Rs 4,750 per sq.ft (2024)
• Golden Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jp Hill View Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Jp Hill View Enclave?

The Sub Registrar Office that covers Jp Hill View Enclave is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Chettipunniyam, the guideline value is a critical factor in determining the official value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations associated with property transactions. Ensuring that the sale price meets or exceeds the guideline value can help avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of Jp Hill View Enclave?

The current guideline value of Jp Hill View Enclave is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since 2012, with a significant increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for Jp Hill View Enclave?

The land classification for Jp Hill View Enclave is Residential Special Type - II.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jp Hill View Enclave?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Jp Hill View Enclave.