Guideline Value

Corporate

Guideline Value for J.P.ESTATE 17TH STREET

₹1625/sq.ft.

The guideline value for J.p.estate 17th 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 17th Street

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J.P.Estate 17th Street guideline value

The current guideline value of J.P.Estate 17th Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, falling under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of J.P.Estate 17th Street has changed

The guideline value for J.P.Estate 17th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, an increase of 8% from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, in 2017, the value was Rs 804 per sq.ft, showing a significant increase of 87% by 2023. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 35%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The historical values indicate a fluctuating trend, with the current value aligning with the recent upward adjustments.

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 17th Street.

Stamp duty and registration fee for property in J.P.Estate 17th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers J.P.Estate 17th Street?

The Sub Registrar Office that covers J.P.Estate 17th Street is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Paruthipattu. It serves as a baseline for determining the stamp duty and registration fees that must be paid during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value is used to assess the applicable duties and fees. This ensures that both parties are aware of the financial implications associated with the property transfer, helping to avoid any disputes or misunderstandings regarding costs.

Frequently asked questions

What is the current guideline value of J.P.Estate 17th Street?

The current guideline value of J.P.Estate 17th 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 significantly, increasing from Rs 804 per sq.ft in 2017 to Rs 1,625 per sq.ft in 2024. There was an increase of 87% from 2017 to 2023, and an 8% increase from 2023 to 2024.

What is the land classification for J.P.Estate 17th Street?

The land classification for J.P.Estate 17th Street is Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,46,250.

Which office handles registrations for J.P.Estate 17th Street?

The Avadi Sub Registrar Office handles registrations for J.P.Estate 17th Street. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.