Guideline Value

Corporate

Guideline Value for J.P.ESTATE 21ST STREET 1ST CROSS ST

₹1625/sq.ft.

The guideline value for J.p.estate 21st Street 1st Cross St 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 21st Street 1st Cross St

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J.P.Estate 21st Street 1st Cross St guideline value

The current guideline value for J.P.Estate 21st Street 1st Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024. This property 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 21st Street 1st Cross St has changed

The guideline value for J.P.Estate 21st Street 1st Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 1,500 per sq.ft in the 2023 revision, and the latest revision in 2024 has raised it further to Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

Looking at the changes, the value rose by 87% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. 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 years 2002, 2003, and 2007 for this street.

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 guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the 2024 figure for J.P.Estate 21st Street 1st Cross St.

Stamp duty and registration fee for property in J.P.Estate 21st Street 1st Cross St

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, while the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.P.Estate 21st Street 1st Cross St?

The Sub Registrar Office that covers J.P.Estate 21st Street 1st Cross St 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 during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware that the actual sale price must not be lower than the guideline value, as this could lead to legal implications during the registration process.

Frequently asked questions

What is the current guideline value for J.P.Estate 21st Street 1st Cross St?

The current guideline value for J.P.Estate 21st Street 1st Cross St 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 for J.P.Estate 21st Street 1st Cross St?

The land classification for J.P.Estate 21st Street 1st Cross St is Residential Special Type - I.

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

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 property registration for this street?

The Avadi Sub Registrar Office handles property registration for J.P.Estate 21st Street 1st Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.