Guideline Value for J.P.ESTATE 3RD ST

J.P.Estate 3rd St guideline value

The current guideline value of J.P.Estate 3rd St in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - I land classification.

How the guideline value of J.P.Estate 3rd St has changed

The guideline value for J.P.Estate 3rd St has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking an increase of 87%. The latest revision in 2024 set the guideline value at Rs 1,625 per sq.ft, reflecting an 8% increase 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, the guideline value has increased by 35% from 2012 to 2024.

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 is Rs 1,625 per sq.ft, which is the same as the 2024 figure for J.P.Estate 3rd St.

• J.P.Estate 3rd Main Road: Rs 1,625 per sq.ft (2024)
• J.P.Estate 4th Main Road: Rs 1,625 per sq.ft (2024)
• J.P.Estate 3rd Cross St: Rs 1,625 per sq.ft (2024)
• J.P.Estate 4th St: Rs 1,625 per sq.ft (2024)
• J.P.Estate 2nd Main Road 1st Cross St: Rs 1,625 per sq.ft (2024)
• J.P.Estate 5th Main Road: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in J.P.Estate 3rd 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, leading to a total cost of Rs 1,46,250. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers J.P.Estate 3rd St?

The J.P.Estate 3rd St falls under 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 details.

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 value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of J.P.Estate 3rd St?

The current guideline value of J.P.Estate 3rd 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 3rd St?

J.P.Estate 3rd St is classified as Residential Special Type - I.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is 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 J.P.Estate 3rd St?

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