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, effective from 1 July 2024. This street is located in Irunkattukottai_B village, under the Sriperumpudur SRO, and is classified as Commercial Class I Type - II.

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

The guideline value for Jayendrar Avenue Part-II has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 750 per sq.ft, which is unchanged from the 2023 revision. Prior to that, the 2017 revision set the value at Rs 502 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. This consistency in the last two revisions indicates stability in the valuation for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 400 per sq.ft. Jayendrar Avenue Part-II's guideline value of Rs 750 per sq.ft is above this median, reflecting its commercial classification.

• 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 would be 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, bringing the total cost to Rs 67,500. 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 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irunkattukottai_B. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property transaction occurs, the guideline value is referenced to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must consider the guideline value to avoid discrepancies during registration.

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 for Jayendrar Avenue Part-II has remained at Rs 750 per sq.ft since the 2023 revision. It increased from Rs 502 per sq.ft in 2017, showing a 49% increase overall from 2017 to 2024.

What is the land classification of Jayendrar Avenue Part-II?

Jayendrar Avenue Part-II is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

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.

How is stamp duty calculated for properties in Jayendrar Avenue Part-II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000, leading to a stamp duty of Rs 52,500.