Guideline Value for JSN ENCLAVE

Jsn Enclave guideline value

The current guideline value of Jsn Enclave is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Thalimangalam village under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Jsn Enclave has changed

Over the years, the guideline value for Jsn Enclave has seen several revisions. The most recent revisions show a consistent value of Rs 400 per sq.ft for both 2023 and 2024. Prior to this, in 2017, the guideline value was Rs 268 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. In contrast, the revision in 2012 also had a guideline value of Rs 400 per sq.ft, which reflects a decrease of 33% from 2012 to 2017. Overall, the guideline value has remained unchanged from 2012 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The register has only recorded the values for the years 2012, 2017, 2023, and 2024.

Guideline values in Thalimangalam

In Thalimangalam, there are 9 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which aligns with the current value of Jsn Enclave.

• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Murugan Avenue: Rs 500 per sq.ft (2024)
• Bharathi Nagar: Rs 500 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Sabari Garden: Rs 400 per sq.ft (2024)
• Sri Valli Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Jsn Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jsn Enclave?

The Sub Registrar Office that covers Jsn 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalimangalam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value is set by the government and can vary between different areas.

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

Frequently asked questions

What is the current guideline value of Jsn Enclave?

The current guideline value of Jsn Enclave is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft for both 2023 and 2024. It increased from Rs 268 per sq.ft in 2017, reflecting a 49% rise, while it was Rs 400 per sq.ft in 2012.

What are the guideline values of other streets in Thalimangalam?

The guideline values for other streets in Thalimangalam range from Rs 300 to Rs 500 per sq.ft, with the median being Rs 400 per sq.ft. This means Jsn Enclave's value is aligned with the median of the area.

What are the stamp duty and registration fees for property in Jsn Enclave?

For a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which Sub Registrar Office covers Jsn Enclave?

The Chengleput Joint II Sub Registrar Office covers Jsn Enclave, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.