Guideline Value for Jemi Nagar I

Jemi Nagar I guideline value

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

How the guideline value of Jemi Nagar I has changed

Looking back at the revisions, the guideline value for Jemi Nagar I was Rs 469 per sq.ft in the 2017 revision. It remained unchanged at Rs 700 per sq.ft in the 2023 revision and continues to hold the same value in the 2024 revision. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. However, from 2023 to 2024, the guideline value remained stable, showing a change of +0%. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

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

• Jemi Nagar II: 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 I

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 fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jemi Nagar I?

The Sub Registrar Office that covers Jemi Nagar I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Sriperumbudur A. It serves as a benchmark for determining stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When buying or selling property, the guideline value helps in assessing the minimum value at which the property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Jemi Nagar I?

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

How has the guideline value changed over the years?

The guideline value for Jemi Nagar I was Rs 469 per sq.ft in 2017 and has increased by 49% to Rs 700 per sq.ft by 2024. It remained unchanged from 2023 to 2024.

What is the land classification of Jemi Nagar I?

Jemi Nagar I is classified as Residential Class III Type - I, which indicates its suitability for residential purposes.

Where is the Sub Registrar Office for Jemi Nagar I located?

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

How is the stamp duty calculated for property in Jemi Nagar I?

Stamp duty for property in Jemi Nagar I is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total stamp duty of Rs 49,000.