Guideline Value for Jebamalai Nagar

Jebamalai Nagar guideline value

The current guideline value of Jebamalai Nagar 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 Jebamalai Nagar has changed

The guideline value for Jebamalai Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 80 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, in the 2017 revision, the value dropped to Rs 167 per sq.ft before rising again to Rs 250 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 50%. The 2024 revision shows no change from the previous year, maintaining the value at Rs 250 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 213%.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO with 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, indicating that Jebamalai Nagar's current value is above this median.

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

Stamp duty and registration fee for property in Jebamalai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jebamalai Nagar?

The Sub Registrar Office that covers Jebamalai Nagar is 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 information.

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

The guideline value is an important factor when registering property transactions in Kanthoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the total cost involved in the transaction. Buyers should be aware of the current guideline value to ensure they are prepared for the associated fees during the registration process.

Frequently asked questions

What is the current guideline value of Jebamalai Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 250 per sq.ft in 2023 and 2024, and Rs 167 per sq.ft in 2017. The value was Rs 80 per sq.ft in 2007 and Rs 250 per sq.ft in 2012.

What is the land classification of Jebamalai Nagar?

Jebamalai Nagar is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Jebamalai Nagar?

The Sub Registrar Office for Jebamalai Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Jebamalai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.