Guideline Value

Corporate

Guideline Value for J.P.ESTATE 8TH MAIN ROAD

₹1625/sq.ft.

The guideline value for J.p.estate 8th Main Road 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 8th Main Road

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J.P.Estate 8th Main Road guideline value

The current guideline value of J.P.Estate 8th Main Road 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 8th Main Road has changed

Since the 2012 revision, the guideline value for J.P.Estate 8th Main Road has seen several changes. In 2012, the value was Rs 1,200 per sq.ft, which 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%, raising the value to Rs 1,500 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,625 per sq.ft, reflecting an 8% rise 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 with 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 figure for J.P.Estate 8th Main Road.

Stamp duty and registration fee for property in J.P.Estate 8th Main Road

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, bringing the total fees 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.

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

Which Sub Registrar Office covers J.P.Estate 8th Main Road?

The Sub Registrar Office that covers J.P.Estate 8th Main Road 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 used to determine the stamp duty and registration fees that must be paid during the registration process. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When a property is sold, the guideline value is referenced to ensure that the sale price reflects a fair value for taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of J.P.Estate 8th Main Road?

The current guideline value of J.P.Estate 8th Main Road 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 8th Main Road?

J.P.Estate 8th Main Road is classified as Residential Special Type - I.

Which Sub Registrar Office is responsible for J.P.Estate 8th Main Road?

The Avadi Sub Registrar Office is responsible for J.P.Estate 8th Main Road, 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 8th Main Road?

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 valued at Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000.