Guideline Value for J.R Avenue

J.R Avenue guideline value

The current guideline value of J.R Avenue in Adhanoor village is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of J.R Avenue has changed

The guideline value for J.R Avenue has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, which decreased to Rs 670 per sq.ft. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, showing no change between these two years.

Notably, between the 2017 and 2023 revisions, there was a 49% increase. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 1,000 per sq.ft.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which matches the guideline value of J.R Avenue.

• J.R.K. Nagar: Rs 1,000 per sq.ft (2024)
• J.R. Nagar: Rs 1,000 per sq.ft (2024)
• Kabali Nagar: Rs 1,000 per sq.ft (2024)
• Kalaignar Kaunanithi Nagar: Rs 1,000 per sq.ft (2024)
• Jayaram Nagar: Rs 1,000 per sq.ft (2024)
• Jayarajan Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in J.R Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. Please note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.R Avenue?

The J.R Avenue is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which must be paid at the time of registration. This ensures that all transactions are recorded accurately and fairly in accordance with the established values.

Frequently asked questions

What is the current guideline value of J.R Avenue?

The current guideline value of J.R Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 1,000 per sq.ft in 2012, 2023, and 2024. It decreased to Rs 670 per sq.ft in 2017, which was a 33% drop from 2012.

What is the median guideline value in Adhanoor?

The median guideline value in Adhanoor is Rs 1,000 per sq.ft, which is also the guideline value for J.R Avenue.

What are the stamp duty and registration fees for properties in J.R Avenue?

For a property valued at Rs 10,00,000, the stamp duty is Rs 70,000 and the registration fee is Rs 20,000, totaling Rs 90,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.