Guideline Value for JAYAM AVENUE

Jayam Avenue guideline value

The current guideline value of Jayam Avenue, located in Thiruninravur-B village under the Avadi SRO, is Rs 1,625 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - II land classification.

How the guideline value of Jayam Avenue has changed

In the 2024 revision, the guideline value for Jayam Avenue is set at Rs 1,625 per sq.ft. The previous revision in 2023 also recorded the same value of Rs 1,625 per sq.ft. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002, indicating that the register has no figure for this street in those years.

Between the 2023 and 2024 revisions, there was no change in the guideline value, remaining at Rs 1,625 per sq.ft. This consistency indicates a stable valuation for the street during this period.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Jayam Avenue's 2024 figure above this median.

• Jaya Nagar: Rs 870 per sq.ft (2024)
• Jayaram Nagar Annexue: Rs 770 per sq.ft (2024)
• Jeeva Nagar: Rs 770 per sq.ft (2024)
• Janagi Nagar: Rs 770 per sq.ft (2024)
• J.M. Nagar: Rs 1,400 per sq.ft (2024)
• Jagadeesan Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Jayam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, these fees total Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayam Avenue?

The Sub Registrar Office that covers Jayam Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-B. It determines the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value as per government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayam Avenue?

The current guideline value of Jayam Avenue is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jayam Avenue has remained at Rs 1,625 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Jayam Avenue?

Jayam Avenue falls under the Residential Class IV Type - II land classification. This classification is important for determining the appropriate usage and regulations for the property.

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

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750, and the registration fee would be Rs 32,500, totaling Rs 1,46,250. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Jayam Avenue?

The Avadi Sub Registrar Office covers Jayam Avenue, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.