Guideline Value for Jesus Garden

Jesus Garden guideline value

The current guideline value of Jesus Garden in Kunduperumpedu village, under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Jesus Garden has changed

The guideline value for Jesus Garden has seen several revisions over the years. In the 2007 revision, the value was Rs 30 per sq.ft, which significantly increased to Rs 200 per sq.ft in the 2012 revision, marking a substantial rise of 567%. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, a drop of 33%. The value remained at Rs 200 per sq.ft during the 2023 revision and continues to hold this rate in the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 567%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Kunduperumpedu

Kunduperumpedu village has a total of 35 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which aligns with the current value for Jesus Garden.

• Jeyam Nagar: Rs 150 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Jemi Modern City - I: Rs 250 per sq.ft (2024)
• Jemi Galaxy Nagar: Rs 300 per sq.ft (2024)
• J.J.Nagar 1st Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 2nd Street: Rs 200 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 amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee is charged at 2%, amounting to Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. 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 detailed calculations.

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 more information.

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

The guideline value is a crucial factor when buying or selling property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of this value to ensure compliance with legal requirements.

During the registration of a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that transactions are conducted transparently and in accordance with government regulations.

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, maintaining a value of Rs 200 per sq.ft. The value rose significantly from Rs 30 per sq.ft in 2007 to Rs 200 per sq.ft in 2012.

What are the stamp duty and registration fees for property in Jesus Garden?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Jesus Garden?

The Sriperumpudur Sub Registrar Office handles registrations for Jesus Garden. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Jesus Garden?

Jesus Garden falls under the Residential Class II Type - I land classification. This classification is important for understanding the permissible uses of the land in this area.