Guideline Value

Corporate

Guideline Value for J.P.ESTATE SARASWATHI NAGAR 5TH STREET

₹1625/sq.ft.

The guideline value for J.p.estate Saraswathi Nagar 5th 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 5th Street

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J.P.Estate Saraswathi Nagar 5th Street guideline value

The current guideline value of J.P.Estate Saraswathi Nagar 5th Street 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 Saraswathi Nagar 5th Street has changed

The guideline value for J.P.Estate Saraswathi Nagar 5th Street has undergone several revisions over the years. The earliest recorded revision was in 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, and then an increase to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, marking an increase of 8% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 35%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

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 Saraswathi Nagar 5th Street.

Stamp duty and registration fee for property in J.P.Estate Saraswathi Nagar 5th 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 is charged at 7%, resulting in Rs 1,13,750, while the registration fee at 2% amounts to Rs 32,500. Together, the total fees would be Rs 1,46,250. Please 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 details.

Which Sub Registrar Office covers J.P.Estate Saraswathi Nagar 5th Street?

The Sub Registrar Office that covers J.P.Estate Saraswathi Nagar 5th Street is 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 is a crucial factor during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the agreed sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of J.P.Estate Saraswathi Nagar 5th Street?

The current guideline value of J.P.Estate Saraswathi Nagar 5th 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 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 of J.P.Estate Saraswathi Nagar 5th Street?

J.P.Estate Saraswathi Nagar 5th Street is classified as Residential Special Type - I.

Where can I find the registration office for J.P.Estate Saraswathi Nagar 5th Street?

The registration office for J.P.Estate Saraswathi Nagar 5th Street 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 instance, for a property valued at Rs 16,25,000, the stamp duty would be 7% of that amount.