Guideline Value for JUPITER HOMES

Jupiter Homes guideline value

The current guideline value of Jupiter Homes is Rs 500 per sq.ft. This property is located in Nattarasampattu village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Jupiter Homes has changed

The guideline value for Jupiter Homes has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to this, in 2017, the guideline value was Rs 335 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and maintaining that same value from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is also an increase of 49%.

Guideline values in Nattarasampattu

Nattarasampattu village has 24 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 250 to Rs 700 per sq.ft. The median value among these streets is Rs 350 per sq.ft, placing Jupiter Homes above this median.

• Jupiter Nagar: Rs 500 per sq.ft (2024)
• Jayam Malar Nagar Phase-I: Rs 350 per sq.ft (2024)
• Golden Rain Avenue Phase-IX: Rs 500 per sq.ft (2024)
• Golden Rain Avenue Phase (I-VIII): Rs 500 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Jupiter Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jupiter Homes?

The Sub Registrar Office that covers Jupiter Homes is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Nattarasampattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Jupiter Homes?

The current guideline value for Jupiter Homes is Rs 500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification for Jupiter Homes?

Jupiter Homes is classified as Residential Special Type - II under the current land classification.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Jupiter Homes?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft incurs a total guideline value of Rs 5,00,000, leading to stamp duty and registration fees totaling Rs 45,000.