Guideline Value for JAISAKTHI AVENUE

Jaisakthi Avenue guideline value

The current guideline value of Jaisakthi Avenue is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Ponthavakkam village under the Oothukkottai SRO, classified as Residential Class III Type - I.

How the guideline value of Jaisakthi Avenue has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, reflecting a change of +49%. The same value of Rs 100 per sq.ft was maintained in the 2024 revision, resulting in no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Jaisakthi Avenue. Overall, from 2017 to 2024, the guideline value increased by +49%.

Guideline values in Ponthavakkam

In Ponthavakkam village, six streets under the Oothukkottai SRO have a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Jaisakthi Avenue's 2024 figure below this median.

• Kalaimagal Nagar: Rs 150 per sq.ft (2024)
• Maharishikudilam: Rs 150 per sq.ft (2024)
• Sri Ambika Nagar: Rs 150 per sq.ft (2024)
• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Sri Vari Avune: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jaisakthi Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000 and the registration fee at 2% would be Rs 2,000, making the total cost Rs 9,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaisakthi Avenue?

The Sub Registrar Office that covers Jaisakthi Avenue is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Ponthavakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value acts as a benchmark. It helps both buyers and sellers understand the official valuation of the property, which is essential for legal and financial transactions.

Frequently asked questions

What is the current guideline value of Jaisakthi Avenue?

The current guideline value of Jaisakthi Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in 2023 and remained the same in 2024, reflecting a total increase of +49% from 2017 to 2024.

What is the median guideline value for streets in Ponthavakkam?

The median guideline value for streets in Ponthavakkam is Rs 150 per sq.ft, with Jaisakthi Avenue's 2024 figure being below this median.

What are the stamp duty and registration fees for properties in Jaisakthi Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,000, which includes Rs 7,000 for stamp duty and Rs 2,000 for the registration fee.

Which office handles registrations for Jaisakthi Avenue?

The Oothukkottai Sub Registrar Office handles registrations for Jaisakthi Avenue, located near the government hospital in Uthukottai, 602026, Chennai registration zone.