Guideline Value for JAI AVENUE

Jai Avenue guideline value

The current guideline value of Jai Avenue is Rs 660 per sq.ft, effective from the 2024 revision. This street is located in Sattamangalam village under the Chengleput Joint II SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Jai Avenue has changed

The guideline value for Jai Avenue has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 600 per sq.ft, and in the 2024 revision, it increased to Rs 660 per sq.ft, marking a change of +10%.

Thus, the most recent guideline value of Rs 660 per sq.ft reflects the latest adjustment effective from 1 July 2024. The previous revision in 2023 was Rs 600 per sq.ft, showing a clear upward adjustment in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 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 is Rs 1,100 per sq.ft, indicating that Jai Avenue's 2024 figure is below this median.

• It Avenue (N): Rs 990 per sq.ft (2024)
• Inidirajan (N): Rs 660 per sq.ft (2024)
• Indra Nagar Nehru Street (Ward -19): Rs 440 per sq.ft (2024)
• Jeeva Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)
• India Piston (Pa): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Avenue

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 charges together 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Avenue?

The Sub Registrar Office that covers Jai Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Sattamangalam. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is in accordance with government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations involved in property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jai Avenue?

The current guideline value of Jai Avenue is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a change of +10%.

What is the land classification of Jai Avenue?

Jai Avenue is classified under Residential Class I Type - III land classification.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Jai Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 660 per sq.ft, the total stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.