Guideline Value for Jemi Golden City

Jemi Golden City guideline value

The current guideline value of Jemi Golden City is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Kattavakkam village, under the Walajabad SRO, and is classified as Residential Class I Type - II.

How the guideline value of Jemi Golden City has changed

The guideline value for Jemi Golden City has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back to Rs 350 per sq.ft, maintaining this figure through to the 2024 revision.

From 2017 to 2023, the value increased by 50%. The current guideline value of Rs 350 per sq.ft from the 2024 revision shows no change from the previous year, indicating stability in the valuation over the last two years. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattavakkam

Kattavakkam village has 19 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Jemi Golden City's value below this median.

• Iyappa Nagar: Rs 300 per sq.ft (2024)
• Millenium Square Phase-I,II,III: Rs 400 per sq.ft (2024)
• Millennium Square Sector-IV: Rs 800 per sq.ft (2024)
• Atchaya Avenue Phase-I: Rs 400 per sq.ft (2024)
• Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension: Rs 300 per sq.ft (2024)
• Akshaya Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Golden City

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jemi Golden City?

The Sub Registrar Office that covers Jemi Golden City is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kattavakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are assessed fairly based on the established values.

When buying or selling property, the guideline value helps determine the official value of the property, which is necessary for legal documentation and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jemi Golden City?

The current guideline value of Jemi Golden City is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2012 to 2024, with a drop to Rs 234 per sq.ft in 2017, followed by an increase back to Rs 350 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Jemi Golden City?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which office handles property registrations in Kattavakkam?

The Walajabad Sub Registrar Office handles property registrations in Kattavakkam, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, serving as a benchmark for the official value of the property.