Guideline Value for Jemi Kannanthangal New Town

Jemi Kannanthangal New Town guideline value

The current guideline value of Jemi Kannanthangal New Town is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Kannanthangal village, under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is New House Site Type -III (Approved Lay-Out).

How the guideline value of Jemi Kannanthangal New Town has changed

Over the years, the guideline value has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 167 per sq.ft. The 2017 revision then saw an increase of 50% to Rs 250 per sq.ft, which has remained consistent through the 2023 and 2024 revisions.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Thus, the guideline value has remained at Rs 250 per sq.ft from 2012 through 2024, indicating stability in this particular segment.

Guideline values in Kannanthangal

In Kannanthangal, there are 22 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 110 per sq.ft. The guideline value for Jemi Kannanthangal New Town is above this median.

• Jesus Garden: Rs 200 per sq.ft (2024)
• Jeyandra Nagar: Rs 200 per sq.ft (2024)
• Kamaraj Street: Rs 110 per sq.ft (2024)
• Kambar Street: Rs 110 per sq.ft (2024)
• Gangaiymman Koil Street: Rs 110 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Kannanthangal New Town

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty is charged at 7%, amounting to Rs 17,500, and the registration fee is 2%, which is Rs 5,000. Therefore, the total cost for stamp duty and registration fees would be Rs 22,500. It is important to note that 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 Kannanthangal New Town?

The Jemi Kannanthangal New Town area falls under 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 Kannanthangal

The guideline value is a crucial factor in the registration of property transactions in Kannanthangal. It serves as a benchmark for determining the minimum value for which a property can be registered, ensuring that both buyers and sellers are aware of the official valuation.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. This ensures transparency and compliance with local regulations during the property registration process.

Frequently asked questions

What is the current guideline value of Jemi Kannanthangal New Town?

The current guideline value of Jemi Kannanthangal New Town is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2017, which has persisted through the 2023 and 2024 revisions.

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

Other streets in Kannanthangal include Jesus Garden and Jeyandra Nagar at Rs 200 per sq.ft, and Kamaraj Street, Kambar Street, and Gangaiymman Koil Street at Rs 110 per sq.ft, among others.

What fees are associated with property transactions in Jemi Kannanthangal New Town?

For a property in Jemi Kannanthangal New Town, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 22,500.

Where can I find the Sub Registrar Office for Jemi Kannanthangal New Town?

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