Guideline Value for J.J.S 1ST AVENUE

J.J.S 1st Avenue guideline value

The current guideline value of J.J.S 1st Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Nedunkumdram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Mixed Type - III.

How the guideline value of J.J.S 1st Avenue has changed

The guideline value register shows no figures for J.J.S 1st Avenue in the revisions from 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 3,960 per sq.ft.

Since there have been no figures recorded for this street in previous revisions, there are no changes to report between the revisions. The 2024 figure is the first recorded value for J.J.S 1st Avenue.

Guideline values in Nedunkumdram

Nedunkumdram has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, making J.J.S 1st Avenue's 2024 figure above that median.

• J.J.S 2nd Avenue: Rs 3,960 per sq.ft (2024)
• J.J.S Garden: Rs 2,200 per sq.ft (2024)
• J.J.S Garden Phase II: Rs 3,300 per sq.ft (2024)
• Jssr Sai Krupa Nagar: Rs 3,300 per sq.ft (2024)
• Jayaram Nagar: Rs 1,100 per sq.ft (2024)
• J V C Samuvel Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in J.J.S 1st Avenue

For a 1,000 sq.ft plot at the current rate of Rs 3,960 per sq.ft, the guideline value is Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.J.S 1st Avenue?

The Sub Registrar Office covering J.J.S 1st Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nedunkumdram. It determines the stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This process helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of J.J.S 1st Avenue?

The current guideline value of J.J.S 1st Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for J.J.S 1st Avenue in the revisions from 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision marks the first recorded value for this street.

What is the land classification of J.J.S 1st Avenue?

The land classification for J.J.S 1st Avenue is Mixed Type - III, indicating a mix of residential and commercial uses in the area.

What are the stamp duty and registration fees for properties in J.J.S 1st Avenue?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 3,56,400.

Where can I find the Sub Registrar Office for J.J.S 1st Avenue?

The Tambaram Joint 1 Sub Registrar Office covers J.J.S 1st Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.