Guideline Value for Jabamalai Nagar Viriu

Jabamalai Nagar Viriu guideline value

The current guideline value for Jabamalai Nagar Viriu is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kanthoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Jabamalai Nagar Viriu has changed

Over the years, the guideline value for Jabamalai Nagar Viriu has experienced several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 167 per sq.ft. The 2023 revision again marked the value at Rs 250 per sq.ft, and the latest 2024 revision continues this figure, reflecting a 0% change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 50%. Overall, there has been no change in the guideline value from 2012 to 2024, as it remains at Rs 250 per sq.ft.

Guideline values in Kanthoor

In Kanthoor village, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value for these streets is Rs 181 per sq.ft, placing Jabamalai Nagar Viriu's 2024 figure above that median.

• Irular Street: Rs 150 per sq.ft (2024)
• Jebamalai Nagar: Rs 250 per sq.ft (2024)
• JSP Park: Rs 250 per sq.ft (2024)
• Green Port Avenue: Rs 200 per sq.ft (2024)
• Green Farms: Rs 181 per sq.ft (2024)
• Ganesh Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Jabamalai Nagar Viriu

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 further assistance.

Which Sub Registrar Office covers Jabamalai Nagar Viriu?

The Sub Registrar Office that covers Jabamalai Nagar Viriu 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 Kanthoor

The guideline value is a crucial factor when buying or selling property in Kanthoor, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately assess the costs involved in property transactions.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that both parties are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Jabamalai Nagar Viriu?

The current guideline value of Jabamalai Nagar Viriu is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes occurring in 2023 and 2024, where it remained constant at Rs 250 per sq.ft. The value was Rs 167 per sq.ft in 2017, and Rs 250 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Jabamalai Nagar Viriu?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Jabamalai Nagar Viriu?

The Sunguvarchattram Sub Registrar Office is responsible for Jabamalai Nagar Viriu, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

What is the land classification for Jabamalai Nagar Viriu?

Jabamalai Nagar Viriu is classified as Residential Special Type - II, which indicates the type of development and usage permitted in this area.