Guideline Value

Corporate

Guideline Value for J.P.ESTATE KUMARAN ST 3RD ST

₹1625/sq.ft.

The guideline value for J.p.estate Kumaran St 3rd 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 Kumaran St 3rd St

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J.P.Estate Kumaran St 3rd St guideline value

The current guideline value of J.P.Estate Kumaran St 3rd St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street 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 Kumaran St 3rd St has changed

The guideline value for J.P.Estate Kumaran St 3rd St has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,625 per sq.ft, an increase of 8% from the 2023 revision of Rs 1,500 per sq.ft. Prior to this, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a significant increase of 87% from the previous 2012 revision, which was Rs 1,200 per sq.ft. There are no figures available in the register for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 35%. The changes in value reflect the fluctuations in the real estate market, with the 2017 to 2023 period showing a decrease of 33% before the recent increases. The current value aligns with the median guideline value for the village.

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 also the guideline value for J.P.Estate Kumaran St 3rd St. Below are other streets in Paruthipattu:

Stamp duty and registration fee for property in J.P.Estate Kumaran St 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 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, these fees total Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The J.P.Estate Kumaran St 3rd St falls under the Avadi Sub Registrar Office. The address is 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 in the registration of property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

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

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

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

Where can I find the registration office for J.P.Estate Kumaran St 3rd St?

The registration office for J.P.Estate Kumaran St 3rd 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.

How is stamp duty calculated for properties in Paruthipattu?

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