Guideline Value

Corporate

Guideline Value for JASMINE NAGAR

₹440/sq.ft.

The guideline value for Jasmine Nagar in Palavedu village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavedu

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jasmine Nagar

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Jasmine Nagar guideline value

The current guideline value of Jasmine Nagar, located in Palavedu village under the Avadi SRO, is Rs 440 per sq.ft as per the 2024 revision. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jasmine Nagar has changed

The guideline value for Jasmine Nagar has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft, which was then increased by 10% to Rs 440 per sq.ft in the 2024 revision.

This increase reflects a consistent adjustment in the guideline values within the area. The 2024 figure of Rs 440 per sq.ft aligns with the median value of Rs 440 per sq.ft for 18 streets in Palavedu under the Avadi SRO.

Guideline values in Palavedu

In Palavedu, the guideline values for the 2024 revision range from Rs 290 to Rs 1,100 per sq.ft, with Jasmine Nagar's current rate of Rs 440 per sq.ft being equal to the median. Below are the guideline values for other streets in Palavedu:

Stamp duty and registration fee for property in Jasmine Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty is charged at 7%, amounting to Rs 30,800, and the registration fee is 2%, totaling Rs 8,800. Together, the total fees would be Rs 39,600. It is important to note that the 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 Jasmine Nagar?

The Jasmine Nagar area falls under the jurisdiction of the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Palavedu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the property transaction. Accurate knowledge of the guideline value helps in understanding the overall costs involved in registering a property in the area.

Frequently asked questions

What is the current guideline value of Jasmine Nagar?

The current guideline value of Jasmine Nagar is Rs 440 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, reflecting a 10% increase. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Palavedu?

Other streets in Palavedu also have a guideline value of Rs 440 per sq.ft in the 2024 revision, including Jasmine Nagar-II, Iyyappan Nagar, Kamaraj Nagar, Karnan Nagar, Eswaran Koil Street, and Balakumaran Nagar Phase - I.

What is the registration fee for property in Jasmine Nagar?

The registration fee for property in Jasmine Nagar is calculated based on the guideline value. For a 1,000 sq.ft plot at Rs 440 per sq.ft, the registration fee would be Rs 8,800.

Where can I find the Sub Registrar Office for Jasmine Nagar?

The Sub Registrar Office covering Jasmine Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.