Guideline Value for Jeeni Nagar Fam

Jeeni Nagar Fam guideline value

The current guideline value of Jeeni Nagar Fam, located in Vellaputhoor village under the Madurandakam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Jeeni Nagar Fam has changed

Over the years, the guideline value of Jeeni Nagar Fam has seen several revisions. The 2007 revision set the value at Rs 50 per sq.ft, which increased to Rs 100 per sq.ft in 2012, a rise of 100%. However, this value decreased to Rs 67 per sq.ft in 2017, reflecting a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 100 per sq.ft, and the latest revision in 2024 has increased it to Rs 103 per sq.ft, marking a 3% increase.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 106%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vellaputhoor

In Vellaputhoor, there are 7 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 103 per sq.ft, with the median being Rs 103 per sq.ft. Jeeni Nagar Fam's 2024 figure matches this median.

• Jeeni Nagar: Rs 103 per sq.ft (2024)
• Kamatchi Garden: Rs 103 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 103 per sq.ft (2024)
• Om Sakthi Nagar: Rs 103 per sq.ft (2024)
• A1-Metro City: Rs 103 per sq.ft (2024)
• Sun City Varadharajan Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeni Nagar Fam

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost for these fees to Rs 9,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeeni Nagar Fam?

The Jeeni Nagar Fam area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vellaputhoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the government.

It is important for buyers and sellers to be aware of the current guideline value as it directly impacts the financial aspects of the transaction. Accurate knowledge of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Jeeni Nagar Fam?

The current guideline value of Jeeni Nagar Fam is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 50 per sq.ft to Rs 103 per sq.ft in 2024, reflecting an overall increase of 106%.

What are the other streets in Vellaputhoor with similar guideline values?

Other streets in Vellaputhoor under the Madurandakam SRO include Kamatchi Garden, Dhanalakshmi Nagar, Om Sakthi Nagar, A1-Metro City, and Sun City Varadharajan Nagar, with values ranging from Rs 100 to Rs 103 per sq.ft.

What fees are associated with buying property in Jeeni Nagar Fam?

When purchasing property in Jeeni Nagar Fam, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jeeni Nagar Fam?

The Madurandakam Sub Registrar Office covers Jeeni Nagar Fam and is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.