Guideline Value for Jambodai Street

Jambodai Street guideline value

The current guideline value of Jambodai Street in Selvazhimagalam village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Jambodai Street has changed

The guideline value for Jambodai Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 201 per sq.ft, indicating a decrease of 33% from the previous revision. The 2023 revision also maintained the value at Rs 300 per sq.ft, and the 2024 revision continued this trend with no change, keeping the value at Rs 300 per sq.ft.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable with no change. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selvazhimagalam

In Selvazhimagalam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Jambodai Street's 2024 figure above this median.

• Jambodai Kurukku Street: Rs 300 per sq.ft (2024)
• Kodi Street: Rs 200 per sq.ft (2024)
• Kullakkarai Street: Rs 126 per sq.ft (2024)
• Chennai Bangalore Main Road: Rs 500 per sq.ft (2024)
• Mantheivelli Street: Rs 200 per sq.ft (2024)
• Bharathiyar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jambodai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jambodai Street?

The Jambodai Street is covered by the Sunguvarchattram Sub Registrar Office located at Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Selvazhimagalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jambodai Street?

The current guideline value of Jambodai Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What is the registration office for Jambodai Street?

The registration office for Jambodai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in Jambodai Street?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

How is the guideline value determined for properties in Selvazhimagalam?

The guideline value is determined based on various factors, including land classification and the values set in previous revisions. It serves as a reference point for calculating stamp duty and registration fees during property transactions.