Guideline Value

Corporate

Guideline Value for J.P.ESTATE 24TH STREET 2ND CROSS ST

₹1625/sq.ft.

The guideline value for J.p.estate 24th Street 2nd 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 24th Street 2nd Cross St

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J.P.Estate 24th Street 2nd Cross St guideline value

The current guideline value of J.P.Estate 24th Street 2nd Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of J.P.Estate 24th Street 2nd Cross St has changed

The guideline value for J.P.Estate 24th Street 2nd Cross St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. Following this, a significant increase occurred, with the 2023 revision raising the value to Rs 1,500 per sq.ft. The most recent 2024 revision marks another increase to Rs 1,625 per sq.ft, reflecting a change of +8% from the previous year.

Overall, from the 2012 revision to the 2024 revision, 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 value for these streets is Rs 1,625 per sq.ft, which is equal to the 2024 guideline value of J.P.Estate 24th Street 2nd Cross St.

Stamp duty and registration fee for property in J.P.Estate 24th Street 2nd Cross St

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 fees to Rs 1,46,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.P.Estate 24th Street 2nd Cross St?

The J.P.Estate 24th Street 2nd Cross St 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. To find your SRO, click here.

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

The guideline value is a crucial factor during property registration in Paruthipattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the sale price alone.

When selling or purchasing property, buyers and sellers must consider the guideline value to understand the financial implications of the transaction. This value helps in determining the costs associated with the registration process, making it essential for both parties involved in the sale.

Frequently asked questions

What is the current guideline value of J.P.Estate 24th Street 2nd Cross St?

The current guideline value of J.P.Estate 24th Street 2nd 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 24th Street 2nd Cross St?

The land classification for J.P.Estate 24th Street 2nd Cross St is Residential Special Type - I.

Which Sub Registrar Office covers this street?

The Avadi Sub Registrar Office covers J.P.Estate 24th Street 2nd Cross St, 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,13,750.