Guideline Value for JPV FORMS

Jpv Forms guideline value

The current guideline value for Jpv Forms is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Thirupanthiyoor village, under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Jpv Forms has changed

Over the years, the guideline value for Jpv Forms has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% increase from the previous revision. Notably, the register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2024, the overall guideline value has remained constant at Rs 200 per sq.ft, indicating no change during this period. The changes from 2012 to 2017 saw a decrease of 33%, but this was followed by stability in subsequent revisions, with no percentage change from 2023 to 2024.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 200 to Rs 900 per sq.ft, where the median value is Rs 350 per sq.ft. The guideline value for Jpv Forms is below this median.

• Indhira Nagar Main Road: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 200 per sq.ft (2024)
• Ideal Form And Resorts: Rs 200 per sq.ft (2024)
• Hemanth Nagar: Rs 200 per sq.ft (2024)
• Kizhandai Street: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Jpv Forms

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 details.

Which Sub Registrar Office covers Jpv Forms?

The Sub Registrar Office that covers Jpv Forms is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference point for property transactions in Thirupanthiyoor. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property registration. This value is updated periodically, reflecting changes in the market and local conditions.

Frequently asked questions

What is the current guideline value of Jpv Forms?

The current guideline value of Jpv Forms is Rs 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 200 per sq.ft since 2012, with a notable increase to Rs 134 per sq.ft in 2017, followed by stability in the subsequent revisions of 2023 and 2024.

What is the land classification for Jpv Forms?

Jpv Forms is classified as Residential Class IV Type - I, indicating its designation for residential use within the area.

Where can I find the Sub Registrar Office for Jpv Forms?

The Sub Registrar Office for Jpv Forms is the Sunguvarchattram Sub Registrar Office, located on Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Jpv Forms?

Stamp duty for property in Jpv Forms is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total stamp duty and registration fee would amount to Rs 18,000.