Guideline Value for Jemi Garden Avenue

Jemi Garden Avenue guideline value

The current guideline value of Jemi Garden Avenue in Ponthoor village, under the Sriperumpudur SRO, is Rs 402 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Jemi Garden Avenue has changed

Over the years, the guideline value of Jemi Garden Avenue has seen several revisions. The 2007 revision set the value at Rs 125 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a 220% rise. However, in the 2017 revision, the value dropped to Rs 268 per sq.ft, reflecting a decrease of 33%. From 2017 to 2023, the value increased by 50%, stabilizing at Rs 402 per sq.ft, a figure that remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for Jemi Garden Avenue. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 222%.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Jemi Garden Avenue's 2024 figure is above this median.

• JBM Garden: Rs 1,500 per sq.ft (2024)
• Jayanthi Nagar: Rs 402 per sq.ft (2024)
• Jpm Republic Villa: Rs 2,239 per sq.ft (2024)
• Jss Nagar: Rs 448 per sq.ft (2024)
• Iruvatchi Poo Street: Rs 200 per sq.ft (2024)
• Irular Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Garden Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value would be Rs 4,02,000. The stamp duty at 7% would amount to Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total charges to Rs 36,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jemi Garden Avenue?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction reflects a fair value, aiding in the collection of appropriate taxes. Buyers and sellers should be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Jemi Garden Avenue?

The current guideline value of Jemi Garden Avenue is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 402 per sq.ft in 2024, marking an overall increase of 222% over this period.

What are the other streets in Ponthoor with their guideline values?

Other streets in Ponthoor include JBM Garden at Rs 1,500 per sq.ft, Jayanthi Nagar at Rs 402 per sq.ft, Jpm Republic Villa at Rs 2,239 per sq.ft, Jss Nagar at Rs 448 per sq.ft, and Iruvatchi Poo Street and Irular Street at Rs 200 per sq.ft.

What are the stamp duty and registration fees for Jemi Garden Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 402 per sq.ft, the total charges for stamp duty and registration fees would be Rs 36,180.

Which Sub Registrar Office covers Jemi Garden Avenue?

The Sriperumpudur Sub Registrar Office covers Jemi Garden Avenue, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.