Guideline Value

Corporate

Guideline Value for J.P.ESTATE 1ST MAIN ROAD

₹1625/sq.ft.

The guideline value for J.p.estate 1st Main Road 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 1st Main Road

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J.P.Estate 1st Main Road guideline value

The current guideline value for J.P.Estate 1st Main Road is Rs 1,625 per sq.ft, effective from 1 July 2024. This property 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 1st Main Road 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, bringing it down to Rs 804 per sq.ft. The value then significantly increased by 87% in the 2023 revision to Rs 1,500 per sq.ft, before rising by 8% in the 2024 revision to the current value of Rs 1,625 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%. The changes in the guideline value reflect the fluctuations in property valuation over the years, with the most notable increase occurring between 2017 and 2023.

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 current guideline value of J.P.Estate 1st Main Road.

Stamp duty and registration fee for property in J.P.Estate 1st Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 1,46,250. The duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.P.Estate 1st Main Road?

The J.P.Estate 1st Main Road is covered by 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Paruthipattu, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. This value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of J.P.Estate 1st Main Road?

The current guideline value of J.P.Estate 1st Main Road 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 1,625 per sq.ft in 2024, reflecting an overall increase of 35% over this period.

What is the role of the Avadi SRO?

The Avadi SRO is responsible for property registrations in the area, including J.P.Estate 1st Main Road. It ensures that all transactions comply with local regulations and that the guideline values are applied correctly.

How is stamp duty calculated for properties in J.P.Estate 1st Main Road?

Stamp duty for properties in J.P.Estate 1st Main Road is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.

Where can I find more information about the guideline values in Paruthipattu?

More information about the guideline values in Paruthipattu can be found through the Registration Department's guideline value register (TNReginet) or by contacting the Avadi Sub Registrar Office.