Guideline Value

Corporate

Guideline Value for J.P.ESTATE 22ND STREET

₹1625/sq.ft.

The guideline value for J.p.estate 22nd 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 22nd Street

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J.P.Estate 22nd Street guideline value

The current guideline value of J.P.Estate 22nd Street 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 22nd Street has changed

Over the years, the guideline value for J.P.Estate 22nd Street has seen several revisions. The oldest available revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,625 per sq.ft, reflecting an increase of 8% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 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 carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which is equal to the guideline value of J.P.Estate 22nd Street.

Stamp duty and registration fee for property in J.P.Estate 22nd Street

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

Which Sub Registrar Office covers J.P.Estate 22nd Street?

The Sub Registrar Office that covers J.P.Estate 22nd 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 in the registration of property transactions in Paruthipattu. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that property transactions are documented accurately and fairly.

When buying or selling property, the guideline value helps to determine the financial obligations associated with the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of J.P.Estate 22nd Street?

The current guideline value of J.P.Estate 22nd 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 for J.P.Estate 22nd Street?

J.P.Estate 22nd Street is classified as Residential Special Type - I.

Where can I find the registration office for this property?

The registration office covering J.P.Estate 22nd 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.

How is the stamp duty calculated for properties in Paruthipattu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 16,25,000, the stamp duty at 7% would be Rs 1,13,750.