Guideline Value

Corporate

Guideline Value for J.P.ESTATE 25TH STREET

₹1625/sq.ft.

The guideline value for J.p.estate 25th 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 25th Street

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J.P.Estate 25th Street guideline value

The current guideline value of J.P.Estate 25th 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 25th Street has changed

The guideline value for J.P.Estate 25th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease 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 most recent revision in 2024 has further increased the value to Rs 1,625 per sq.ft, representing an 8% rise from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for J.P.Estate 25th Street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu village, 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 for J.P.Estate 25th Street.

Stamp duty and registration fee for property in J.P.Estate 25th Street

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 cost to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers J.P.Estate 25th Street?

The Sub Registrar Office that covers J.P.Estate 25th 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 plays a crucial role when buying or selling property in Paruthipattu. It is the minimum value set by the government for property transactions, ensuring that properties are registered at a fair value. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of J.P.Estate 25th Street?

The current guideline value of J.P.Estate 25th 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 25th Street?

The land classification for J.P.Estate 25th Street is Residential Special Type - I.

What is the stamp duty for a property in J.P.Estate 25th Street?

The stamp duty for a property in J.P.Estate 25th Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this would amount to Rs 1,13,750.

Which office covers the registration for J.P.Estate 25th Street?

The Avadi Sub Registrar Office covers the registration for J.P.Estate 25th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.