Guideline Value

Corporate

Guideline Value for J.P.ESTATE EXTN

₹1625/sq.ft.

The guideline value for J.p.estate Extn 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 Extn

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J.P.Estate Extn guideline value

The current guideline value of J.P.Estate Extn, located in Paruthipattu village under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of J.P.Estate Extn has changed

The guideline value for J.P.Estate Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 1,500 per sq.ft in 2023, and it further rose to Rs 1,625 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was an increase of 87%. The overall change from 2012 to 2024 reflects a rise of 35%, indicating a notable fluctuation in the guideline values over the years.

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, with the median value being Rs 1,625 per sq.ft. The guideline value for J.P.Estate Extn is equal to this median.

Stamp duty and registration fee for property in J.P.Estate Extn

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 cost for these 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 Extn?

The J.P.Estate Extn area is covered by 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 is a crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations associated with the property transfer. This process helps maintain transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value of J.P.Estate Extn?

The current guideline value of J.P.Estate Extn 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 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 Extn?

The land classification for J.P.Estate Extn is Residential Special Type - I.

What are the stamp duty and registration fees for a property in J.P.Estate Extn?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Which office handles property registration for J.P.Estate Extn?

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