Guideline Value for Jemi Modern City - I

Jemi Modern City - I guideline value

The current guideline value of Jemi Modern City - I is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jemi Modern City - I has changed

The guideline value for Jemi Modern City - I has seen several revisions over the years. In 2007, the guideline value was Rs 40 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012, marking a 525% rise. However, in 2017, the value dropped to Rs 167 per sq.ft, a decrease of 33%. The value then increased to Rs 250 per sq.ft in 2023, maintaining the same rate in the 2024 revision, showing no change between these two years.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 525%, reflecting the fluctuations in the property market over the years.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Jemi Modern City - I above this median.

• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Jemi Galaxy Nagar: Rs 300 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jeyam Nagar: Rs 150 per sq.ft (2024)
• J.J.Nagar 1st Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Modern City - I

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jemi Modern City - I?

The Sub Registrar Office covering Jemi Modern City - I 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 Kunduperumpedu

The guideline value plays a crucial role in the registration process when buying or selling property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the total cost associated with the registration of the property. This ensures transparency and consistency in the property market, as the guideline value is regularly updated to reflect current market conditions.

Frequently asked questions

What is the current guideline value of Jemi Modern City - I?

The current guideline value of Jemi Modern City - I is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, before returning to Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Kunduperumpedu?

The median guideline value for the 35 streets in Kunduperumpedu is Rs 200 per sq.ft, with Jemi Modern City - I being above this median at Rs 250 per sq.ft.

Where can I find the Sub Registrar Office for Jemi Modern City - I?

The Sub Registrar Office for Jemi Modern City - I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jemi Modern City - I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value is Rs 2,50,000, leading to a stamp duty of Rs 17,500.