Guideline Value for Jemi Nagar II

Jemi Nagar II guideline value

The current guideline value of Jemi Nagar II, located in Sriperumbudur A village under the Sriperumpudur SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Jemi Nagar II has changed

The guideline value for Jemi Nagar II has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 469 per sq.ft. In the following revisions, the value increased to Rs 700 per sq.ft in both 2023 and 2024, reflecting a 49% increase from the 2017 figure.

Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The transition from 2023 to 2024 saw no change, maintaining the guideline value at Rs 700 per sq.ft.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value among these streets is Rs 700 per sq.ft, which aligns with the guideline value for Jemi Nagar II.

• Jemi Nagar I: Rs 700 per sq.ft (2024)
• jayasri Nagar: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jayabutha Vinayakar Nagar: Rs 700 per sq.ft (2024)
• Jashwin Nagar: Rs 1,000 per sq.ft (2024)
• Jagathguru Jeyandrar Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Nagar II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jemi Nagar II?

The Sub Registrar Office that covers Jemi Nagar II 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 Sriperumbudur A

The guideline value plays a crucial role during property registration in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When purchasing or selling property, it is essential to be aware of the guideline value as it directly affects the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Jemi Nagar II?

The current guideline value of Jemi Nagar II is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, marking a 49% increase overall.

Are there any years with no recorded figures for Jemi Nagar II?

Yes, the guideline value register has no recorded figures for Jemi Nagar II for the years 2002, 2003, 2007, and 2012.

What is the stamp duty for property in Jemi Nagar II?

The stamp duty for property in Jemi Nagar II is 7% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would amount to Rs 49,000.

Where can I find the Sub Registrar Office for Jemi Nagar II?

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