Guideline Value for Jemi Gardens

Jemi Gardens guideline value

The current guideline value of Jemi Gardens is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Vadakal_C village under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Jemi Gardens has changed

The guideline value for Jemi Gardens has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 500 per sq.ft, which increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

This increase reflects the adjustments made by the Registration Department to align with the current market conditions. The current guideline value of Rs 550 per sq.ft is now above the median value of Rs 400 per sq.ft for the 61 streets in Vadakal_C under the Sriperumpudur SRO.

Guideline values in Vadakal_C

In Vadakal_C, the guideline values range from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Jemi Gardens, with its 2024 guideline value of Rs 550 per sq.ft, is positioned above this median. Below are the guideline values for other streets in Vadakal_C:

• Jemi Garden Phase III: Rs 400 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 Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jemi Gardens?

The Sub Registrar Office that covers Jemi Gardens 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 Vadakal_C

The guideline value is a crucial factor when registering 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.

Frequently asked questions

What is the current guideline value of Jemi Gardens?

The current guideline value of Jemi Gardens is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jemi Gardens was Rs 500 per sq.ft in 2023 and increased to Rs 550 per sq.ft in 2024, marking a +10% change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Jemi Gardens?

Jemi Gardens is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Sub Registrar Office for Jemi Gardens located?

The Sub Registrar Office covering Jemi Gardens is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Jemi Gardens?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 38,500, along with a registration fee of Rs 11,000.