Guideline Value for JeiGanesh Nagar

JeiGanesh Nagar guideline value

The current guideline value of JeiGanesh Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kaval Kazhani village and falls under the Sunguvarchattram SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of JeiGanesh Nagar has changed

The guideline value for JeiGanesh Nagar has seen various revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. Following this, the 2023 revision brought it back up to Rs 300 per sq.ft, and the current 2024 revision maintains this figure, reflecting a 0% change from the previous year. It is worth noting that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained stable, showing no change.

Guideline values in Kaval Kazhani

Kaval Kazhani village features 20 streets under the Sunguvarchattram SRO with a 2024 guideline value range from Rs 226 to Rs 1,550 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing JeiGanesh Nagar's current guideline value at this median level.

• Bharathi Nagar Part-I: Rs 300 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Bharathi Avenue Phase-I to V: Rs 400 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• Ramasubbu Nagar: Rs 226 per sq.ft (2024)
• R.S Avenue: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in JeiGanesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the 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 JeiGanesh Nagar?

JeiGanesh Nagar is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Kaval Kazhani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of JeiGanesh Nagar?

The current guideline value of JeiGanesh Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the most recent revisions showing a stable value of Rs 300 per sq.ft since 2023. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What are the stamp duty and registration fees for property in JeiGanesh Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 27,000.

Which Sub Registrar Office should I visit for transactions in JeiGanesh Nagar?

The Sunguvarchattram Sub Registrar Office covers transactions in JeiGanesh Nagar. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value determined for properties in Kaval Kazhani?

The guideline value is determined based on various factors, including the classification of the land and comparisons with other streets in the area. It serves as a reference point for calculating stamp duty and registration fees during property transactions.