Guideline Value for JAYAMALA KUMAR AVENUE

Jayamala Kumar Avenue guideline value

The current guideline value of Jayamala Kumar Avenue is Rs 910 per sq.ft, effective from 1 July 2024. This street is located in Orikkai village and falls under the Kanchipuram Joint IV SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jayamala Kumar Avenue has changed

The guideline value for Jayamala Kumar Avenue has undergone several revisions over the years. The latest revision in 2024 set the value at Rs 910 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 826 per sq.ft. Prior to these revisions, the register has no figures for this street in 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 826 per sq.ft in 2023 to Rs 910 per sq.ft in 2024. The previous revisions do not provide any figures for this street, indicating that the current value is the first recorded figure in recent years.

Guideline values in Orikkai

In Orikkai village, there are 12 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 1,500 per sq.ft, with a median value of Rs 975 per sq.ft. The guideline value of Jayamala Kumar Avenue is below this median.

• Kanchi Gardan: Rs 1,099 per sq.ft (2024)
• K.M.Avenue: Rs 1,110 per sq.ft (2024)
• Krishnan Nagar: Rs 800 per sq.ft (2024)
• Sai Enclave: Rs 825 per sq.ft (2024)
• Sri Lakshmi Vaikundavalli Nagar: Rs 975 per sq.ft (2024)
• Sriram Gardan: Rs 875 per sq.ft (2024)

Stamp duty and registration fee for property in Jayamala Kumar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 910 per sq.ft, the total guideline value amounts to Rs 9,10,000. The stamp duty at 7% would be Rs 63,700, and the registration fee at 2% would be Rs 18,200, bringing the total cost for these fees to Rs 81,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayamala Kumar Avenue?

The Sub Registrar Office that covers Jayamala Kumar Avenue is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Orikkai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial aspects of property registration. Ensuring that the transaction is compliant with the guideline value helps in avoiding legal issues and ensures a smooth registration process.

Frequently asked questions

What is the current guideline value of Jayamala Kumar Avenue?

The current guideline value of Jayamala Kumar Avenue is Rs 910 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 826 per sq.ft in 2023 to Rs 910 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Jayamala Kumar Avenue?

The land classification for Jayamala Kumar Avenue is Residential Special Type - I.

Where can I find the registration office for Jayamala Kumar Avenue?

The registration office for Jayamala Kumar Avenue is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jayamala Kumar Avenue?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,10,000, the stamp duty would be Rs 63,700 at a rate of 7%.