Guideline Value for J.J.S 2ND AVENUE

J.J.S 2nd Avenue guideline value

The current guideline value of J.J.S 2nd Avenue, located in Nedunkumdram village, is Rs 3,960 per sq.ft. This value is effective from 1 July 2024 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 2nd Avenue has changed

The guideline value register for J.J.S 2nd Avenue shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,960 per sq.ft. This indicates that there have been no recorded changes in the guideline value for this street across the previous revisions.

With no figures available for the earlier years, the 2024 revision stands as the first and only guideline value recorded for J.J.S 2nd Avenue. This lack of historical data highlights the importance of the current valuation in understanding property transactions in this area.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, 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 the guideline value of J.J.S 2nd Avenue above the median.

• J.J.S 1st 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 2nd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to 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. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.J.S 2nd Avenue?

The Sub Registrar Office that covers J.J.S 2nd 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 details.

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

The guideline value plays a crucial role in property transactions in Nedunkumdram. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees, which are essential components of the registration process. It is important for buyers and sellers to be aware of the current guideline value to ensure they are paying the correct fees.

During the registration of a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being registered.

Frequently asked questions

What is the current guideline value of J.J.S 2nd Avenue?

The current guideline value of J.J.S 2nd Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024.

What land classification does J.J.S 2nd Avenue fall under?

J.J.S 2nd Avenue falls under the land classification of Mixed Type - III.

How has the guideline value changed over the years?

There have been no recorded figures for J.J.S 2nd Avenue in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What are the stamp duty rates for properties in J.J.S 2nd Avenue?

The stamp duty rate for properties in J.J.S 2nd Avenue is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for J.J.S 2nd Avenue?

The Sub Registrar Office covering J.J.S 2nd Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.