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 661 per sq.ft. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is 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. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 661 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% from the initial Rs 600 per sq.ft in 2012 to the current Rs 661 per sq.ft.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making the current figure of Rs 661 per sq.ft for J.V.Avenue below the median.

• Kaanthaliamman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 550 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J P Watch Man (Per): Rs 661 per sq.ft (2024)
• Jp Vatsan Enclave: Rs 661 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, while the registration fee at 2% would be Rs 13,220, bringing the total to Rs 59,490. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

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 661 per sq.ft as per the 2024 revision.

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 to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for J.V.Avenue?

The land classification for J.V.Avenue (Ward -19) is Residential Class I Type - III.

What are the stamp duty and registration fees for property in J.V.Avenue?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270, and the registration fee would be Rs 13,220, totaling Rs 59,490.

Where is the Sub Registrar Office for J.V.Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.