Guideline Value for J.A.Avenue

J.A.Avenue guideline value

The current guideline value of J.A.Avenue in Erandankattalai village is Rs 1,975 per sq.ft, effective from 1 July 2024. This area falls under the Pammal SRO and is classified as Residential Class I Type - III.

How the guideline value of J.A.Avenue has changed

The guideline value for J.A.Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,975 per sq.ft, which is a significant increase from the 2023 revision of Rs 1,200 per sq.ft. The 2024 revision reflects a 65% increase from the previous year. Looking back further, the 2017 revision also recorded a value of Rs 1,200 per sq.ft, indicating no change from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 65%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, as the register does not contain any data for those years.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing J.A.Avenue's 2024 figure above the median.

• Irular Street: Rs 770 per sq.ft (2024)
• Irandankattalai Reddi Street: Rs 1,100 per sq.ft (2024)
• Kalaignar Street: Rs 1,100 per sq.ft (2024)
• Golden Avenue: Rs 1,100 per sq.ft (2024)
• Gokulam nagar phase - II: Rs 3,700 per sq.ft (2024)
• Gokulam Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in J.A.Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,975 per sq.ft, the total guideline value would be Rs 19,75,000. The stamp duty at 7% would amount to Rs 1,38,250, and the registration fee at 2% would be Rs 39,500, bringing the total fees to Rs 1,77,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.A.Avenue?

The Sub Registrar Office that covers J.A.Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Erandankattalai

The guideline value plays a crucial role in the registration of property transactions in Erandankattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of J.A.Avenue?

The current guideline value of J.A.Avenue is Rs 1,975 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,975 per sq.ft in 2024, marking a 65% increase. There was no change from 2017 to 2023, where it remained at Rs 1,200 per sq.ft.

What is the land classification for J.A.Avenue?

J.A.Avenue is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for J.A.Avenue?

The Sub Registrar Office for J.A.Avenue is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for property in J.A.Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,75,000, the stamp duty would be Rs 1,38,250.