Guideline Value for Jesus Garden

Jesus Garden guideline value

The current guideline value of Jesus Garden in Kannanthangal village is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as a New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Jesus Garden has changed

The guideline value for Jesus Garden has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 60 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2012 revision. However, it then decreased to Rs 134 per sq.ft in 2017. The next revision in 2023 maintained the value at Rs 200 per sq.ft, and the current revision in 2024 also remains at Rs 200 per sq.ft, showing no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 233%. The revisions from 2017 to 2023 saw a notable rise of 49%, while the change from 2012 to 2017 was a decrease of 33%. The substantial increase from 2007 to 2012 of 233% reflects a significant change in the valuation during that period.

Guideline values in Kannanthangal

In Kannanthangal village, there are 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 110 per sq.ft. The guideline value for Jesus Garden is above this median.

• Jeyandra Nagar: Rs 200 per sq.ft (2024)
• Jemi Kannanthangal New Town: Rs 250 per sq.ft (2024)
• Kamaraj Street: Rs 110 per sq.ft (2024)
• Kambar Street: Rs 110 per sq.ft (2024)
• Gangaiymman Koil Street: Rs 110 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jesus Garden

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, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jesus Garden?

The Sub Registrar Office that covers Jesus Garden 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 Kannanthangal

The guideline value is a crucial factor when buying or selling property in Kannanthangal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

During the registration process, the guideline value is used to calculate applicable fees, including stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Jesus Garden?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing no change from 2023 to 2024. The value increased from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 in 2017 before returning to Rs 200 in 2023 and 2024.

What is the classification of land in Jesus Garden?

Jesus Garden is classified as a New House Site Type -II (Unapproved Lay-Out) under the guideline value register.

What are the other streets in Kannanthangal?

Other streets in Kannanthangal include Jeyandra Nagar, Jemi Kannanthangal New Town, Kamaraj Street, Kambar Street, Gangaiymman Koil Street, and Kulakkarai Street, each with varying guideline values.

Where can I find the Sub Registrar Office for Jesus Garden?

The Sub Registrar Office for Jesus Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.