Guideline Value for J.V.C. Avenue

J.V.C. Avenue guideline value

The current guideline value of J.V.C. Avenue in Gooduvancheri village, under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of J.V.C. Avenue has changed

In the 2017 revision, the guideline value for J.V.C. Avenue was Rs 804 per sq.ft. This figure increased by 49% to Rs 1,200 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 1,200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. J.V.C. Avenue's 2024 figure is below this median.

• Jesubatham Nagar: Rs 2,001 per sq.ft (2024)
• Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,500 per sq.ft (2024)
• Jagir Hussain Street: Rs 1,500 per sq.ft (2024)
• Kambar Street: Rs 2,001 per sq.ft (2024)
• Jagadeesh Nagar: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in J.V.C. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees Rs 1,08,000. 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.C. Avenue?

The Sub Registrar Office covering J.V.C. Avenue is 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 Gooduvancheri

The guideline value is a critical factor when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of J.V.C. Avenue?

The current guideline value of J.V.C. Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in both 2023 and 2024, marking a total increase of 49% over this period.

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

The land classification for J.V.C. Avenue is Residential Class I Type - I.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is the stamp duty calculated for properties in J.V.C. Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.