Guideline Value for Jemi Galaxy Nagar

Jemi Galaxy Nagar guideline value

The current guideline value of Jemi Galaxy Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Jemi Galaxy Nagar has changed

The guideline value for Jemi Galaxy Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 300 per sq.ft. This figure remained the same in the subsequent revision in 2017, but then it decreased to Rs 201 per sq.ft. in that year. The 2023 revision brought the value back up to Rs 300 per sq.ft, which has remained unchanged in the 2024 revision as well.

From 2017 to 2023, there was a significant increase of 49%. However, from the 2012 revision to the 2017 revision, the value dropped by 33%. Overall, comparing the 2012 revision to the 2024 revision, there has been no change in the guideline value.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Jemi Galaxy Nagar's 2024 figure above that median.

• Jemi Modern City - I: Rs 250 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jeyam Nagar: Rs 150 per sq.ft (2024)
• J.J.Nagar 1st Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Galaxy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 Jemi Galaxy Nagar?

The Sub Registrar Office that covers Jemi Galaxy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process when buying or selling property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must consider the guideline value to ensure that all fees are calculated correctly. It is essential to be aware of these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Jemi Galaxy Nagar?

The current guideline value of Jemi Galaxy 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 changed several times, with the most recent revisions being Rs 300 per sq.ft in both 2023 and 2024, and Rs 201 per sq.ft in 2017.

What is the land classification for Jemi Galaxy Nagar?

The land classification for Jemi Galaxy Nagar is Residential Special Type - I.

Where can I find the Sub Registrar Office for Jemi Galaxy Nagar?

The Sub Registrar Office for Jemi Galaxy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated in Jemi Galaxy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 27,000.