Guideline Value for Jubilee Residences

Jubilee Residences guideline value

The current guideline value of Jubilee Residences in Kayirambedu village is Rs 2,389 per sq.ft. This value is set by the Chengleput Joint II SRO and falls under the land classification of Mixed Special Type - II.

How the guideline value of Jubilee Residences has changed

The guideline value for Jubilee Residences has remained consistent in recent revisions. The 2023 revision recorded a guideline value of Rs 2,389 per sq.ft, which was unchanged in the 2024 revision, effective from 1 July 2024. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

Since the 2023 revision, there has been no percentage change in the guideline value, as it has remained at Rs 2,389 per sq.ft. This consistency indicates stability in the valuation for this property.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Jubilee Residences above this median.

• J.J.Nagar: Rs 1,001 per sq.ft (2024)
• Jaya Nagar: Rs 700 per sq.ft (2024)
• Jawarharlal Nehru Nagar Extention: Rs 700 per sq.ft (2024)
• Indra Gandhi Nagar: Rs 700 per sq.ft (2024)
• Inba Avenue: Rs 2,389 per sq.ft (2024)
• Iayyappa Gardan: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Jubilee Residences

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value would be Rs 23,89,000. The stamp duty at 7% would be Rs 1,67,230, and the registration fee at 2% would be Rs 47,780, bringing the total fees together to Rs 2,15,010. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jubilee Residences?

The Jubilee Residences fall under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value for Jubilee Residences?

The current guideline value for Jubilee Residences is Rs 2,389 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,389 per sq.ft since the 2023 revision, showing no percentage change in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Jubilee Residences?

The land classification for Jubilee Residences is Mixed Special Type - II, as designated by the Chengleput Joint II SRO.

What are the stamp duty rates for properties in Jubilee Residences?

The stamp duty for properties in Jubilee Residences is set at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same amount.

Where can I find the Sub Registrar Office for Jubilee Residences?

The Chengleput Joint II Sub Registrar Office, which covers Jubilee Residences, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.