Guideline Value for JAI AVENUE (TAI)
₹880/sq.ft.
The guideline value for Jai Avenue (tai) in Vallancheri village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Vallancheri
Village
Chengleput Joint II
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹880 /sq.ft. |
| From 1-4-2023 | ₹800 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹536 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹800 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Jai Avenue (tai)
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Chengleput Joint Ii sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Jai Avenue (Tai) guideline value
The current guideline value of Jai Avenue (Tai) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.
How the guideline value of Jai Avenue (Tai) has changed
The guideline value for Jai Avenue (Tai) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 800 per sq.ft, and the latest revision in 2024 has further increased it to Rs 880 per sq.ft, reflecting a rise of 10% from the previous year.
From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2012 to 2024 shows a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Vallancheri
In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Jai Avenue (Tai) above this median value.
- Indra Street (Ward-21): Rs 660 per sq.ft (2024)
- Kaathavarayan Koil Street (Ward -1): Rs 770 per sq.ft (2024)
- Handicaped Street (Ward-21): Rs 660 per sq.ft (2024)
- Gurusamy Street (Ward-21): Rs 660 per sq.ft (2024)
- Kakkan Street Mgr Nagar (Ward-20): Rs 880 per sq.ft (2024)
- Kalaignar Karunanithi Street (Ward-20): Rs 1,100 per sq.ft (2024)
Stamp duty and registration fee for property in Jai Avenue (Tai)
For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, charged at 7%, amounts to Rs 61,600, while the registration fee at 2% is Rs 17,600. Together, the total cost for stamp duty and registration fee would be Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.
You can use the stamp duty and registration fee calculator for more detailed calculations.
Which Sub Registrar Office covers Jai Avenue (Tai)?
The Sub Registrar Office that covers Jai Avenue (Tai) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Vallancheri
The guideline value plays a crucial role in the registration process when buying or selling property in Vallancheri. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.
Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and provides a clear basis for financial planning during property transactions.
Frequently asked questions
What is the current guideline value of Jai Avenue (Tai)?
The current guideline value of Jai Avenue (Tai) is Rs 880 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value for Jai Avenue (Tai) has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.
What is the land classification for Jai Avenue (Tai)?
The land classification for Jai Avenue (Tai) is Residential Class I Type - II.
What are the other streets in Vallancheri with their guideline values?
Other streets in Vallancheri include Indra Street, Kaathavarayan Koil Street, Handicaped Street, Gurusamy Street, Kakkan Street Mgr Nagar, and Kalaignar Karunanithi Street, with values ranging from Rs 660 to Rs 1,100 per sq.ft in 2024.
Where is the Sub Registrar Office for Jai Avenue (Tai) located?
The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.
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