Guideline Value

Corporate

Guideline Value for J.P.ESTATE 2ND MAIN ROAD 1ST CROSS ST

₹1625/sq.ft.

The guideline value for J.p.estate 2nd Main Road 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 2nd Main Road 1st Cross St

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J.P.Estate 2nd Main Road 1st Cross St guideline value

The current guideline value of J.P.Estate 2nd Main Road 1st 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 and is classified as Residential Special Type - I.

How the guideline value of J.P.Estate 2nd Main Road 1st Cross St has changed

Over the years, the guideline value of J.P.Estate 2nd Main Road 1st Cross St has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This figure changed to Rs 804 per sq.ft in 2017, marking a decrease 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 value at Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

The register has no figures 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 guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of J.P.Estate 2nd Main Road 1st Cross St.

Stamp duty and registration fee for property in J.P.Estate 2nd Main Road 1st 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 amounts to 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. Together, the total cost for stamp duty and registration would be Rs 1,46,250. It is important to note that the 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 2nd Main Road 1st Cross St?

The J.P.Estate 2nd Main Road 1st Cross St falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Paruthipattu, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is set by the Registration Department and is used as a benchmark for property transactions to ensure transparency and fairness in the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the total cost involved in the transaction. The stamp duty and registration fees are calculated based on this value, ensuring that both parties are informed of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of J.P.Estate 2nd Main Road 1st Cross St?

The current guideline value of J.P.Estate 2nd Main Road 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 1,625 per sq.ft in 2024, reflecting an overall increase of 35% over this period.

What is the land classification for J.P.Estate 2nd Main Road 1st Cross St?

J.P.Estate 2nd Main Road 1st Cross St is classified as Residential Special Type - I.

Which Sub Registrar Office covers this area?

The Avadi Sub Registrar Office covers J.P.Estate 2nd Main Road 1st 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 higher of the guideline value or the sale price. For example, for a plot valued at Rs 16,25,000, the stamp duty at 7% would be Rs 1,13,750.