Guideline Value for J.P.ESTATE 9TH ST

J.P.Estate 9th St guideline value

The current guideline value of J.P.Estate 9th St 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 9th St has changed

The guideline value for J.P.Estate 9th 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 2017. This was a decline of 33%. However, the value significantly increased to Rs 1,500 per sq.ft in 2023, marking an 87% rise from the 2017 figure. The most recent revision in 2024 established the guideline value at Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 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 value is Rs 1,625 per sq.ft, which is equal to the guideline value of J.P.Estate 9th St.

• J.P.Estate 8th Main Road: Rs 1,625 per sq.ft (2024)
• J.P.Estate Extn: Rs 1,625 per sq.ft (2024)
• J.P.Estate 7th Main Road: Rs 1,625 per sq.ft (2024)
• J.P.Estate Kumaran St 1st Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 6th St: Rs 1,625 per sq.ft (2024)
• J.P.Estate Kumaran St 2nd St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in J.P.Estate 9th 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, bringing the total to Rs 1,46,250. 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 9th St?

The Sub Registrar Office that covers J.P.Estate 9th St 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 details.

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

The guideline value is an important factor when registering property transactions in Paruthipattu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are aligned with the prevailing market conditions.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. This value helps buyers and sellers gauge the expected costs involved in the registration process.

Frequently asked questions

What is the current guideline value of J.P.Estate 9th St?

The current guideline value of J.P.Estate 9th 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 9th St?

The land classification for J.P.Estate 9th St is Residential Special Type - I.

What are the registration fees for property in J.P.Estate 9th St?

For a 1,000 sq.ft plot, the total registration fees would be Rs 1,46,250, which includes stamp duty and registration fees based on the guideline value.

Which office handles registrations for J.P.Estate 9th St?

The Avadi Sub Registrar Office handles registrations for J.P.Estate 9th St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.