Guideline Value for J.P.ESTATE 18TH STREET

J.P.Estate 18th Street guideline value

The current guideline value of J.P.Estate 18th Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of J.P.Estate 18th Street has changed

The guideline value for J.P.Estate 18th Street has seen several revisions over the years. The 2012 revision was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,625 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with the 2024 guideline values 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 aligns with the current guideline value of J.P.Estate 18th Street.

• J.P.Estate 17th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 19th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 16th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 1st Main Road: Rs 1,625 per sq.ft (2024)
• J.P.Estate 15th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 20st Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in J.P.Estate 18th Street

For a 1,000 sq.ft plot at the current rate, 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. 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 assistance.

Which Sub Registrar Office covers J.P.Estate 18th Street?

The Sub Registrar Office covering J.P.Estate 18th 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of J.P.Estate 18th Street?

The current guideline value of J.P.Estate 18th 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 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 for J.P.Estate 18th Street?

The land classification for J.P.Estate 18th Street is Residential Special Type - I.

Which Sub Registrar Office covers J.P.Estate 18th Street?

The Avadi Sub Registrar Office covers J.P.Estate 18th 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 18th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,46,250.