Guideline Value for Jashmine Gordan -1

Jashmine Gordan -1 guideline value

The current guideline value of Jashmine Gordan -1 is Rs 807 per sq.ft, effective from 1 July 2024. This property is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Jashmine Gordan -1 has changed

The guideline value for Jashmine Gordan -1 has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 141%, reaching Rs 807 per sq.ft. The 2023 revision also maintained the same value of Rs 807 per sq.ft for the 2024 revision, reflecting no change in this period.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this village is Rs 870 per sq.ft, which means that Jashmine Gordan -1's 2024 figure is below that median.

• Jashmine Gordan -2 Thomas 1st Street 2nd Street: Rs 807 per sq.ft (2024)
• Jashmine Gorden: Rs 807 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 803 per sq.ft (2024)
• Jagan Mohan Nagar: Rs 806 per sq.ft (2024)
• Jayes Nagar: Rs 806 per sq.ft (2024)
• Jeniwa Nagar: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Jashmine Gordan -1

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000. The stamp duty at 7% would amount to Rs 56,490, and the registration fee at 2% would be Rs 16,140, making the total cost for these fees Rs 72,630. Please 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 Jashmine Gordan -1?

The Sub Registrar Office that covers Jashmine Gordan -1 is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor in property transactions, as it is used to determine the stamp duty and registration fees applicable when buying or selling property. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office will charge fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jashmine Gordan -1?

The current guideline value of Jashmine Gordan -1 is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 807 per sq.ft in 2023 and remained the same in 2024.

What is the classification of land in Jashmine Gordan -1?

The land classification for Jashmine Gordan -1 is Residential Class III Type - II.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 8,07,000.