Guideline Value for compact homes jalmika

Compact Homes Jalmika guideline value

The current guideline value of Compact Homes Jalmika is Rs 2,687 per sq.ft, effective from 1 July 2024. This property is located in Maathoor village under the Sunguvarchattram SRO, classified as Mixed Type - I.

How the guideline value of Compact Homes Jalmika has changed

Looking at the revisions, the guideline value for Compact Homes Jalmika was Rs 1,800 per sq.ft in 2017. It remained unchanged at Rs 2,687 per sq.ft through the 2023 revision and into the 2024 revision, indicating a significant increase of 49% from 2017 to 2023. The 2024 revision shows no change from the previous year, maintaining the rate at Rs 2,687 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The absence of figures for these years means that the first recorded value for Compact Homes Jalmika was in the 2017 revision.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Compact Homes Jalmika's 2024 figure above that median.

• ChengelPattu-Thiruvallur Main Road: Rs 1,000 per sq.ft (2024)
• Chengalpet Road: Rs 1,000 per sq.ft (2024)
• Bharathi Street: Rs 500 per sq.ft (2024)
• Ezhil Nagar: Rs 300 per sq.ft (2024)
• Four Greens: Rs 1,000 per sq.ft (2024)
• Gandhiji Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Compact Homes Jalmika

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value would be Rs 26,87,000. The stamp duty at 7% would amount to Rs 1,88,090, and the registration fee at 2% would be Rs 53,740, bringing the total cost for these fees to Rs 2,41,830. Please note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Compact Homes Jalmika?

The Sub Registrar Office that covers Compact Homes Jalmika is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Maathoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Compact Homes Jalmika?

The current guideline value of Compact Homes Jalmika is Rs 2,687 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 2,687 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 1,800 per sq.ft in 2017 to Rs 2,687 per sq.ft in 2023.

What are the guideline values of other streets in Maathoor?

Other streets in Maathoor have varying guideline values, with rates ranging from Rs 250 to Rs 2,687 per sq.ft. For example, ChengelPattu-Thiruvallur Main Road and Chengalpet Road both have a guideline value of Rs 1,000 per sq.ft in 2024.

What fees are associated with buying property in Compact Homes Jalmika?

When buying property in Compact Homes Jalmika, the buyer must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, these fees total Rs 2,41,830.

Where can I find the Sub Registrar Office for Compact Homes Jalmika?

The Sub Registrar Office for Compact Homes Jalmika is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. This office handles all registrations for properties in this area.