Guideline Value for Jemi Housing VMR Nagar Phase 3

Jemi Housing VMR Nagar Phase 3 guideline value

The current guideline value for Jemi Housing VMR Nagar Phase 3 is Rs 200 per sq.ft. This property is located in Vallam_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Jemi Housing VMR Nagar Phase 3 has changed

The guideline value for Jemi Housing VMR Nagar Phase 3 has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The latest revision, effective from 1 July 2024, has maintained the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Jemi Housing VMR Nagar Phase 3 is below this median.

• Kamachi Nagar: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 400 per sq.ft (2024)
• Highway: Rs 600 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)
• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Housing VMR Nagar Phase 3

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, calculated at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Jemi Housing VMR Nagar Phase 3?

The Sub Registrar Office that covers Jemi Housing VMR Nagar Phase 3 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 Vallam_B

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Jemi Housing VMR Nagar Phase 3?

The current guideline value for Jemi Housing VMR Nagar Phase 3 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2023 revision. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase over that period.

What is the stamp duty for property in Jemi Housing VMR Nagar Phase 3?

The stamp duty for property in Jemi Housing VMR Nagar Phase 3 is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Jemi Housing VMR Nagar Phase 3?

The Sriperumpudur Sub Registrar Office handles registrations for Jemi Housing VMR Nagar Phase 3. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are other streets in Vallam_B and their guideline values?

Other streets in Vallam_B have varying guideline values. For example, Kamachi Nagar and Jemi Housing VMR Nagar Phase 3 both have a guideline value of Rs 200 per sq.ft, while Kamarajar Street is valued at Rs 400 per sq.ft.