Guideline Value for Jemi J.P Green Garden

Jemi J.P Green Garden guideline value

The current guideline value of Jemi J.P Green Garden is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Orathur village, under the Gooduvancheri SRO, and falls under the Residential Special Type - II land classification.

How the guideline value of Jemi J.P Green Garden has changed

The guideline value for Jemi J.P Green Garden has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 per sq.ft.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value is Rs 500 per sq.ft, which is the same as the current value for Jemi J.P Green Garden.

• Kallazhagar City: Rs 600 per sq.ft (2024)
• Indira Nagar Extn Part-I: Rs 700 per sq.ft (2024)
• Indhira Nagar Part-II & III: Rs 700 per sq.ft (2024)
• Indhira Nagar (Extn): Rs 700 per sq.ft (2024)
• Grace Nagar Extn: Rs 500 per sq.ft (2024)
• Grace Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi J.P Green Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total charges Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jemi J.P Green Garden?

The Sub Registrar Office that covers Jemi J.P Green Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Orathur. It serves as a reference point for calculating the stamp duty and registration fees during the property registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price. The stamp duty is charged on the higher of the two amounts, ensuring that the government receives the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Jemi J.P Green Garden?

The current guideline value of Jemi J.P Green Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained unchanged.

What is the land classification for Jemi J.P Green Garden?

Jemi J.P Green Garden falls under the Residential Special Type - II land classification.

Where can I find the registration office for Jemi J.P Green Garden?

The registration office for Jemi J.P Green Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Orathur?

Stamp duty in Orathur is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7%.