Guideline Value

Corporate

Guideline Value for J.P.ESTATE 15TH STREET

₹1625/sq.ft.

The guideline value for J.p.estate 15th Street in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on J.p.estate 15th Street

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J.P.Estate 15th Street guideline value

The current guideline value of J.P.Estate 15th Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of J.P.Estate 15th Street has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, which recorded a value of Rs 804 per sq.ft. The subsequent revision in 2023 marked a significant increase to Rs 1,500 per sq.ft, reflecting an 87% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,625 per sq.ft, an 8% increase from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of J.P.Estate 15th Street.

Stamp duty and registration fee for property in J.P.Estate 15th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total cost for these fees to Rs 1,46,250. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.P.Estate 15th Street?

The Sub Registrar Office covering J.P.Estate 15th Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Paruthipattu. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When buying or selling property, the guideline value must be considered as it is often the minimum value on which the stamp duty is calculated. This ensures that the transaction is recorded accurately and transparently in the land records.

Frequently asked questions

What is the current guideline value of J.P.Estate 15th Street?

The current guideline value of J.P.Estate 15th Street is Rs 1,625 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 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification of J.P.Estate 15th Street?

J.P.Estate 15th Street is classified as Residential Special Type - I.

Which office handles registrations for J.P.Estate 15th Street?

The Avadi Sub Registrar Office handles registrations for J.P.Estate 15th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in J.P.Estate 15th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot, the guideline value is Rs 16,25,000, resulting in a stamp duty of Rs 1,13,750 at 7%.