Guideline Value for Jemi Park

Jemi Park guideline value

The current guideline value of Jemi Park is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Nemili_B village under the Sriperumpudur SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Jemi Park has changed

The guideline value for Jemi Park has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, a significant decrease from the 2023 revision, which was Rs 500 per sq.ft. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, the guideline value decreased by 60%. The earlier revisions do not provide any figures for Jemi Park, indicating that the guideline value has been subject to considerable fluctuations in the recent past.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Jemi Park's 2024 figure of Rs 200 per sq.ft is below this median.

• Jeyanthirer Nagar: Rs 250 per sq.ft (2024)
• Johnsirani Street: Rs 150 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Hasiya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jemi Park

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jemi Park?

The Sub Registrar Office that covers Jemi Park is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Nemili_B. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling a property, the guideline value helps determine the official value of the property, which can impact the financial obligations of both the buyer and seller during the registration process.

Frequently asked questions

What is the current guideline value of Jemi Park?

The current guideline value of Jemi Park is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value for Jemi Park decreased from Rs 500 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, marking a 60% reduction.

What is the land classification of Jemi Park?

Jemi Park is classified under Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Jemi Park?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It represents the official value of the property and is essential for ensuring compliance with government regulations.