Guideline Value for J P AVENUE

J P Avenue guideline value

The current guideline value of J P Avenue in Thandalam village is Rs 200 per sq.ft, effective from 1 July 2024. This falls under the Madurandakam SRO, and the land classification is Mixed Type - I.

How the guideline value of J P Avenue has changed

Looking at the revisions, the guideline value for J P Avenue was Rs 200 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 134 per sq.ft, marking a 49% increase from 2017 to 2023. The 2012 revision also had a value of Rs 200 per sq.ft, indicating a decrease of 33% from the 2012 to 2017 period. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandalam

In Thandalam, there are 9 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 200 per sq.ft, with a median value of Rs 104 per sq.ft. J P Avenue's 2024 figure of Rs 200 per sq.ft is above this median.

• Cs Gateway: Rs 104 per sq.ft (2024)
• Bharatham Nagar: Rs 200 per sq.ft (2024)
• Adhi Bhagavan Nagar: Rs 103 per sq.ft (2024)
• Sekar Avenue Phase-II: Rs 101 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 101 per sq.ft (2024)
• Sivakalai Nagar Phase-I: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in J P Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers J P Avenue?

The Sub Registrar Office that covers J P Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandalam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer and seller must adhere to the guideline value set by the Registration Department. This value helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of J P Avenue?

The current guideline value of J P Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for J P Avenue has seen changes from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, with a notable increase of 49% between 2017 and 2023.

What are the other streets in Thandalam with their guideline values?

In Thandalam, other streets include Cs Gateway at Rs 104 per sq.ft, Bharatham Nagar at Rs 200 per sq.ft, Adhi Bhagavan Nagar at Rs 103 per sq.ft, and others, with values ranging from Rs 101 to Rs 200 per sq.ft.

What is the stamp duty for property in J P Avenue?

The stamp duty for property in J P Avenue is calculated at 7% of the guideline value. For a 1,000 sq.ft plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Where is the Sub Registrar Office for J P Avenue located?

The Sub Registrar Office covering J P Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.