Guideline Value for J.V.AVENUE (WARD -19)

J.V.Avenue (Ward -19) guideline value

The current guideline value of J.V.Avenue (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of J.V.Avenue (Ward -19) has changed

The guideline value for J.V.Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision increased the value to Rs 600 per sq.ft, and the current 2024 revision has raised it further to Rs 660 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing J.V.Avenue's 2024 figure below this median.

• Kaanthaliamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J P Watch Man (Per): Rs 660 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in J.V.Avenue (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. 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.V.Avenue (Ward -19)?

The Sub Registrar Office that covers J.V.Avenue (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, which can impact the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone looking to buy or sell property in this area.

Frequently asked questions

What is the current guideline value of J.V.Avenue (Ward -19)?

The current guideline value of J.V.Avenue (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Kattankollatur and their guideline values?

Other streets in Kattankollatur include Kaanthaliamman Koil Street at Rs 550 per sq.ft, Kaaraikazhani at Rs 440 per sq.ft, and Jrk School at Rs 1,320 per sq.ft, among others.

Where can I find the Sub Registrar Office for J.V.Avenue?

The Sub Registrar Office for J.V.Avenue (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.