Guideline Value for Jasmin Nagar Extn

Jasmin Nagar Extn guideline value

The current guideline value of Jasmin Nagar Extn is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Soorapattu village, under the Ambattur Sub Registrar Office (SRO). The land classification for this street is Mixed Special Type - I.

How the guideline value of Jasmin Nagar Extn has changed

Over the years, the guideline value of Jasmin Nagar Extn has seen several revisions. The earliest available figure is from 2012, where the guideline value was Rs 2,200 per sq.ft. This figure was revised to Rs 1,474 per sq.ft in 2017, marking a decrease of 33%. Following this, the value rose significantly to Rs 2,200 per sq.ft in 2023, and then to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase.

From 2012 to 2024, the overall change in guideline value is a 9% increase. The 2023 to 2024 revision saw an increase of 9%, while the 2017 to 2023 revision experienced a substantial increase of 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Jasmin Nagar Extn's 2024 figure above this median.

• Jasmine Nagar: Rs 1,900 per sq.ft (2024)
• Jayam Nagar: Rs 1,200 per sq.ft (2024)
• Jayam Nagar Extn: Rs 1,200 per sq.ft (2024)
• I.N.T.U.C Nagar: Rs 1,300 per sq.ft (2024)
• J.P.Nagar: Rs 2,200 per sq.ft (2024)
• J.P. Nagar(1st Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jasmin Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jasmin Nagar Extn?

The Jasmin Nagar Extn area is covered by 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 Soorapattu

The guideline value plays a crucial role in the registration process for property transactions in Soorapattu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This ensures transparency and helps in avoiding disputes during the registration process.

Frequently asked questions

What is the current guideline value of Jasmin Nagar Extn?

The current guideline value of Jasmin Nagar Extn is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,200 per sq.ft to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What are the guideline values of other streets in Soorapattu?

Other streets in Soorapattu have varying guideline values, with Jasmine Nagar at Rs 1,900 per sq.ft, Jayam Nagar and Jayam Nagar Extn both at Rs 1,200 per sq.ft, and J.P. Nagar at Rs 2,200 per sq.ft.

What is the stamp duty rate for properties in Jasmin Nagar Extn?

The stamp duty for properties in Jasmin Nagar Extn is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jasmin Nagar Extn?

The Sub Registrar Office covering Jasmin Nagar Extn is the Ambattur SRO, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.