Guideline Value for Jemi Housing Annai therasa Nagar phase

Jemi Housing Annai therasa Nagar phase guideline value

The current guideline value of Jemi Housing Annai therasa Nagar phase is Rs 126 per sq.ft, effective from 1 July 2024. This property is located in Boothanoor village, under the Sunguvarchattram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Jemi Housing Annai therasa Nagar phase has changed

The guideline value for Jemi Housing Annai therasa Nagar phase has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 125 per sq.ft. This figure decreased to Rs 84 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 126 per sq.ft. The 2023 revision maintained this value, with no change noted from 2023 to the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%.

Guideline values in Boothanoor

In Boothanoor, five streets fall under the Sunguvarchattram SRO, with the 2024 guideline values ranging from Rs 100 to Rs 471 per sq.ft. The guideline value for Jemi Housing Annai therasa Nagar phase is equal to the median value of Rs 126 per sq.ft. Below are the guideline values for other streets in Boothanoor:

• Padmavathy Nagar: Rs 100 per sq.ft (2024)
• Annai Therasa Nagar: Rs 126 per sq.ft (2024)
• Ragavendhra Nagar: Rs 150 per sq.ft (2024)
• Sipcot Boothanoor: Rs 471 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Housing Annai therasa Nagar phase

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty, charged at 7%, would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520. Together, the total cost for stamp duty and registration fees would be Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jemi Housing Annai therasa Nagar phase?

The Sub Registrar Office that covers Jemi Housing Annai therasa Nagar phase is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Boothanoor. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the local market conditions as determined by the Registration Department. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Jemi Housing Annai therasa Nagar phase?

The current guideline value for Jemi Housing Annai therasa Nagar phase is Rs 126 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 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in 2023 and maintained this value in 2024.

What are the other streets in Boothanoor and their guideline values?

Other streets in Boothanoor include Padmavathy Nagar at Rs 100 per sq.ft, Annai Therasa Nagar at Rs 126 per sq.ft, Ragavendhra Nagar at Rs 150 per sq.ft, and Sipcot Boothanoor at Rs 471 per sq.ft, all for 2024.

What are the stamp duty and registration costs for property in Jemi Housing Annai therasa Nagar phase?

For a 1,000 sq.ft plot at the guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty would be Rs 8,820, and the registration fee would be Rs 2,520, totaling Rs 11,340.

Where is the Sub Registrar Office for Jemi Housing Annai therasa Nagar phase located?

The Sub Registrar Office for Jemi Housing Annai therasa Nagar phase is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.