Guideline Value for JP VATSAN ENCLAVE

Jp Vatsan Enclave guideline value

The current guideline value of Jp Vatsan Enclave is Rs 661 per sq.ft, effective from 1 July 2024. This property is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Jp Vatsan Enclave has changed

The guideline value for Jp Vatsan Enclave has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 661 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 600 per sq.ft. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024. The previous revisions do not provide any figures for Jp Vatsan Enclave, indicating that the value has been established only in recent years.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with 2024 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Jp Vatsan Enclave below this median.

• J P Watch Man (Per): Rs 661 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 661 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 550 per sq.ft (2024)
• Johnshi Rani Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jp Vatsan Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jp Vatsan Enclave?

The Sub Registrar Office that covers Jp Vatsan 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 Peramanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Jp Vatsan Enclave?

The current guideline value of Jp Vatsan Enclave is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Jp Vatsan Enclave?

Jp Vatsan Enclave is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Jp Vatsan Enclave?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 59,490 in fees based on the current guideline value.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.