Guideline Value for Jemi Garden Phase III

Jemi Garden Phase III guideline value

The current guideline value of Jemi Garden Phase III is Rs 400 per sq.ft. This property is located in Vadakal_C village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jemi Garden Phase III has changed

The guideline value for Jemi Garden Phase III has undergone several revisions since 2017. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. This marked a significant increase of 49%. The 2024 revision maintained the same rate of Rs 400 per sq.ft, indicating no change from the previous year.

Prior to 2017, the register has no figures for the years 2002, 2003, 2007, and 2012. Therefore, the only revisions available for this street are from 2017, 2023, and the current 2024 revision.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 400 per sq.ft, which aligns with the guideline value of Jemi Garden Phase III.

• Jemi Gardens: Rs 550 per sq.ft (2024)
• Jemi Garden Extension: Rs 550 per sq.ft (2024)
• Jeyandran Nagar: Rs 400 per sq.ft (2024)
• Kaivalyam Nagar: Rs 550 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Garden Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is calculated at 7%, resulting in Rs 28,000, while the registration fee is at 2%, amounting to Rs 8,000. Together, these fees total Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jemi Garden Phase III?

The Sub Registrar Office that covers Jemi Garden Phase III 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 Vadakal_C

The guideline value is a critical component in the registration process of property transactions in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Jemi Garden Phase III?

The current guideline value of Jemi Garden Phase III is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

What is the land classification of Jemi Garden Phase III?

Jemi Garden Phase III is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Jemi Garden Phase III?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Jemi Garden Phase III located?

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