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Guideline Value

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Guideline Value for J.P. Avenue Phase - III

₹770/sq.ft.

The guideline value for J.p. Avenue Phase - Iii in Puthur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Puthur

Village

Tambaram Joint 1

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on J.p. Avenue Phase - Iii

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J.P. Avenue Phase - III guideline value

The current guideline value of J.P. Avenue Phase - III is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Puthur village and falls under the Tambaram Joint 1 SRO. The land classification is Residential Class I Type - I.

How the guideline value of J.P. Avenue Phase - III has changed

The guideline value for J.P. Avenue Phase - III has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. However, the value rose significantly in the subsequent revisions, reaching Rs 700 per sq.ft in 2023 and increasing to Rs 770 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2023 to 2024 marked a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthur

Puthur village has 63 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, placing J.P. Avenue Phase - III's guideline value below the median.

Stamp duty and registration fee for property in J.P. Avenue Phase - III

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.P. Avenue Phase - III?

The Sub Registrar Office that covers J.P. Avenue Phase - III 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 Puthur

The guideline value plays a crucial role in the registration process when buying or selling property in Puthur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of J.P. Avenue Phase - III?

The current guideline value of J.P. Avenue Phase - III is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent increase being from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value increased by 10%.

What are the stamp duty and registration fees for properties in J.P. Avenue Phase - III?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers J.P. Avenue Phase - III?

The Tambaram Joint 1 Sub Registrar Office covers J.P. Avenue Phase - III, located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the land classification for J.P. Avenue Phase - III?

The land classification for J.P. Avenue Phase - III is Residential Class I Type - I, indicating its suitability for residential development.