Guideline Value for Jeniwa Nagar

Jeniwa Nagar guideline value

The current guideline value of Jeniwa Nagar is Rs 807 per sq.ft, effective from 1 July 2024. This locality is situated in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Jeniwa Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 807 per sq.ft, reflecting an increase of 141%. The current value of Rs 807 per sq.ft has remained unchanged from the 2023 revision.

Overall, from 2012 to 2024, the guideline value has increased by 61%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kovilpathagai

In Kovilpathagai village, there are 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value is Rs 870 per sq.ft, placing Jeniwa Nagar's 2024 figure below this median.

• Jayes Nagar: Rs 806 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 803 per sq.ft (2024)
• Jashmine Gorden: Rs 807 per sq.ft (2024)
• Jashmine Gordan -2 Thomas 1st Street 2nd Street: Rs 807 per sq.ft (2024)
• Jashmine Gordan -1: Rs 807 per sq.ft (2024)
• Kalaignar Nagar: Rs 807 per sq.ft (2024)

Stamp duty and registration fee for property in Jeniwa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, totaling Rs 72,630. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Jeniwa Nagar?

The Sub Registrar Office that covers Jeniwa Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is registered at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jeniwa Nagar?

The current guideline value of Jeniwa Nagar is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 500 per sq.ft to Rs 807 per sq.ft in 2024, showing an overall increase of 61% over this period.

What is the land classification of Jeniwa Nagar?

Jeniwa Nagar is classified as Residential Class III Type - II under the Ambattur SRO.

What are the stamp duty and registration fees for property in Jeniwa Nagar?

For a property valued at Rs 8,07,000, the stamp duty would be Rs 56,490 and the registration fee would be Rs 16,140, totaling Rs 72,630.

Where can I find the Sub Registrar Office for Jeniwa Nagar?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.