Guideline Value for JAYENDRAR AVENUE PART-II

Jayendrar Avenue Part-II guideline value

The current guideline value of Jayendrar Avenue Part-II is Rs 750 per sq.ft. This street is located in Irunkattukottai village and falls under the Sriperumpudur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Jayendrar Avenue Part-II has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw a decrease to Rs 502 per sq.ft, which was a -33% change from 2012. However, from 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 750 per sq.ft.

The most recent revision in 2024 has maintained the guideline value at Rs 750 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making the 2024 figure for Jayendrar Avenue Part-II above the median.

• Jeyanthirer Avenue: Rs 750 per sq.ft (2024)
• J.S.R. Nagar: Rs 250 per sq.ft (2024)
• Kajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kalaignar Street: Rs 250 per sq.ft (2024)
• Indira Gandhi Street: Rs 400 per sq.ft (2024)
• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jayendrar Avenue Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value is Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total fees together Rs 67,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Jayendrar Avenue Part-II?

The Sub Registrar Office that covers Jayendrar Avenue Part-II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irunkattukottai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. This value helps maintain transparency in property transactions and ensures that the government receives appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Jayendrar Avenue Part-II?

The current guideline value of Jayendrar Avenue Part-II is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 750 per sq.ft. The value was previously Rs 750 per sq.ft in 2023, Rs 502 per sq.ft in 2017, and Rs 750 per sq.ft in 2012.

What are the other streets in Irunkattukottai with their guideline values?

Other streets in Irunkattukottai include Jeyanthirer Avenue at Rs 750 per sq.ft, J.S.R. Nagar at Rs 250 per sq.ft, Kajalakshmi Nagar at Rs 400 per sq.ft, Kalaignar Street at Rs 250 per sq.ft, Indira Gandhi Street at Rs 400 per sq.ft, and Kamachi Amman Nagar - I at Rs 600 per sq.ft.

What is the registration fee for a property in Jayendrar Avenue Part-II?

The registration fee for a property in Jayendrar Avenue Part-II is calculated based on the guideline value. For a property valued at Rs 7,50,000, the registration fee at 2% would be Rs 15,000.

Where can I find the Sub Registrar Office for Jayendrar Avenue Part-II?

The Sub Registrar Office for Jayendrar Avenue Part-II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the relevant link.