Guideline Value

Corporate

Guideline Value for J.P.ESTATE 16TH STREET

₹1625/sq.ft.

The guideline value for J.p.estate 16th 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 16th Street

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J.P.Estate 16th Street guideline value

The current guideline value of J.P.Estate 16th 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 it falls under the Residential Special Type - I land classification.

How the guideline value of J.P.Estate 16th Street has changed

Over the years, the guideline value for J.P.Estate 16th Street has seen several revisions. The earliest recorded revision is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase to Rs 1,500 per sq.ft, marking an 87% rise. The most recent revision in 2024 has set the guideline value at Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the current guideline value of J.P.Estate 16th Street.

Stamp duty and registration fee for property in J.P.Estate 16th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,625 per sq.ft, the 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 to Rs 1,46,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.P.Estate 16th Street?

The Sub Registrar Office that covers J.P.Estate 16th 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. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Paruthipattu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When you register a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of J.P.Estate 16th Street?

The current guideline value of J.P.Estate 16th 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 16th Street?

J.P.Estate 16th Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in J.P.Estate 16th Street?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750, and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Which office handles registrations for J.P.Estate 16th Street?

The Avadi Sub Registrar Office handles registrations for J.P.Estate 16th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.