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Guideline Value

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Guideline Value for J.P.ESTATE SARASWATHI NAGAR 3RD STREET

₹1625/sq.ft.

The guideline value for J.p.estate Saraswathi Nagar 3rd Street 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 Saraswathi Nagar 3rd Street

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J.P.Estate Saraswathi Nagar 3rd Street guideline value

The current guideline value for J.P.Estate Saraswathi Nagar 3rd Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, with a land classification of Residential Special Type - I.

How the guideline value of J.P.Estate Saraswathi Nagar 3rd Street has changed

The guideline value for J.P.Estate Saraswathi Nagar 3rd Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then saw a significant increase to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

In summary, the changes from 2012 to 2024 show an overall increase of 35%. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO carrying 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 Saraswathi Nagar 3rd Street matches this median.

Stamp duty and registration fee for property in J.P.Estate Saraswathi Nagar 3rd Street

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, resulting in a total of Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers J.P.Estate Saraswathi Nagar 3rd Street?

The J.P.Estate Saraswathi Nagar 3rd Street 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Paruthipattu, as it determines the minimum value at which properties can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling a property, the guideline value ensures that the transaction is conducted at a recognized value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for J.P.Estate Saraswathi Nagar 3rd Street?

The current guideline value for J.P.Estate Saraswathi Nagar 3rd Street 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 1,625 per sq.ft in 2024, reflecting an overall increase of 35% over the years.

What is the role of the Sub Registrar Office in property transactions?

The Sub Registrar Office is responsible for registering property transactions, ensuring that they are legally recognized. It also calculates the applicable stamp duty and registration fees based on the guideline value.

Where can I find more information about the guideline values in Paruthipattu?

Information about guideline values in Paruthipattu can be found in the Registration Department's guideline value register (TNReginet), which lists the values for various streets in the area.

How is stamp duty calculated for properties in J.P.Estate Saraswathi Nagar 3rd Street?

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