Guideline Value for Jashmine Gorden

Jashmine Gorden guideline value

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

How the guideline value of Jashmine Gorden has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 807 per sq.ft, marking an increase of 141%. The 2023 revision maintained the same value of Rs 807 per sq.ft, which has now been carried over to the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Jashmine Gorden. 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, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for the area is Rs 870 per sq.ft, which means that Jashmine Gorden's 2024 figure is below this median.

• Jashmine Gordan -2 Thomas 1st Street 2nd Street: Rs 807 per sq.ft (2024)
• Jashmine Gordan -1: 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 Gorden

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, bringing the total fees to 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 information.

Which Sub Registrar Office covers Jashmine Gorden?

The Sub Registrar Office that covers Jashmine Gorden is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property transaction occurs, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses for both buyers and sellers. This ensures transparency and helps in maintaining a standard valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Jashmine Gorden?

The current guideline value of Jashmine Gorden 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 807 per sq.ft in 2024, reflecting a total increase of 61% over this period.

What are the stamp duty and registration fees for property in Jashmine Gorden?

For a 1,000 sq.ft plot at the guideline value of Rs 807 per sq.ft, the total fees including stamp duty and registration would amount to Rs 72,630.

Which office handles registrations for Jashmine Gorden?

The Ambattur Sub Registrar Office handles registrations for Jashmine Gorden, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the guideline value used during property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It ensures that the property is registered at a standard valuation, which is important for governmental revenue.