Guideline Value for J V AVENUE (CHEN)

J V Avenue (Chen) guideline value

The current guideline value of J V Avenue (Chen) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of J V Avenue (Chen) has changed

The guideline value for J V Avenue (Chen) has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 700 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. The guideline value then increased significantly to Rs 700 per sq.ft in 2023, and further rose to Rs 770 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value for J V Avenue (Chen). The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing J V Avenue (Chen) below this median.

• Jp Anandaenclave (Chen): Rs 880 per sq.ft (2024)
• Kaliammal Nagar (Chen): Rs 770 per sq.ft (2024)
• Jayambal Street (Chen): Rs 660 per sq.ft (2024)
• Jamuna Auto Industrial Road (Chen): Rs 1,320 per sq.ft (2024)
• Jai Nagar (Chen): Rs 770 per sq.ft (2024)
• Industrial Ariya (Chen): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in J V Avenue (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J V Avenue (Chen)?

The Sub Registrar Office that covers J V Avenue (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role during the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of J V Avenue (Chen)?

The current guideline value of J V Avenue (Chen) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for J V Avenue (Chen)?

J V Avenue (Chen) is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in J V Avenue (Chen)?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for J V Avenue (Chen)?

The Chengleput Joint II Sub Registrar Office handles registrations for J V Avenue (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.