Guideline Value for J.P.ESTATE

J.P.Estate guideline value

The current guideline value of J.P.Estate 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 has changed

Over the years, the guideline value of J.P.Estate has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 804 per sq.ft in 2017. This was a decrease of 33%. The value then rose significantly to Rs 1,500 per sq.ft in 2023, reflecting an increase of 87%. The most recent revision in 2024 has set the value at Rs 1,625 per sq.ft, marking an increase of 8% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of J.P.Estate for 2024.

• J.P.Estate 10th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 11th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 12th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 13th Street: Rs 1,625 per sq.ft (2024)
• J.P.Estate 14th Main Road: Rs 1,625 per sq.ft (2024)
• J.P.Estate 15th Street: Rs 1,625 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total fees together to 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers J.P.Estate?

The Sub Registrar Office that covers J.P.Estate 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 information.

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

The guideline value is a crucial factor when buying or selling property in Paruthipattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of J.P.Estate 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 median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft, which is the same as the guideline value for J.P.Estate in 2024.

What are the stamp duty rates for properties in J.P.Estate?

The stamp duty for properties in J.P.Estate is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for J.P.Estate?

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