Guideline Value for JPM REPUBLIC VILLA

Jpm Republic Villa guideline value

The current guideline value of Jpm Republic Villa in Ponthoor village is Rs 2,239 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Mixed Type - I land.

How the guideline value of Jpm Republic Villa has changed

In the 2017 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a value of Rs 2,239 per sq.ft. The 2024 revision maintained this value, resulting in a 49% increase from 2017 to 2023 and an overall 49% increase from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the guideline value has only been recorded from 2017 onwards, showing stability in the most recent revisions.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO, with guideline values for 2024 ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value across these streets is Rs 300 per sq.ft, placing Jpm Republic Villa's value above this median.

• Jss Nagar: Rs 448 per sq.ft (2024)
• Jemi Garden Avenue: Rs 402 per sq.ft (2024)
• JBM Garden: Rs 1,500 per sq.ft (2024)
• Jayanthi Nagar: Rs 402 per sq.ft (2024)
• Iruvatchi Poo Street: Rs 200 per sq.ft (2024)
• Irular Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jpm Republic Villa

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, while the registration fee at 2% would be Rs 44,780, bringing the total fees together to Rs 2,01,510. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Jpm Republic Villa?

The Jpm Republic Villa is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Ponthoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling a property, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This means that even if the sale price is lower than the guideline value, the duty will still be based on the guideline value to ensure compliance with the regulations.

Frequently asked questions

What is the current guideline value of Jpm Republic Villa?

The current guideline value of Jpm Republic Villa is Rs 2,239 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,239 per sq.ft from 2023 to 2024, showing no change. However, from 2017 to 2023, it increased by 49% from Rs 1,500 per sq.ft.

What is the land classification of Jpm Republic Villa?

Jpm Republic Villa is classified as Mixed Type - I land, which affects its guideline value and usage.

Where can I find the Sub Registrar Office for Jpm Republic Villa?

The Sub Registrar Office covering Jpm Republic Villa is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ponthoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 22,39,000 would be calculated at 7% of that amount.