Guideline Value for JESUS AVENUE

Jesus Avenue guideline value

The current guideline value of Jesus Avenue in Avoor village is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Jesus Avenue has changed

The guideline value for Jesus Avenue has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 67 per sq.ft. In the subsequent revision in 2023, the value increased to Rs 100 per sq.ft, marking a 49% increase. The current revision for 2024 also maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Jesus Avenue. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Avoor

Avoor village has a total of 10 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, which is equal to the value of Jesus Avenue.

• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Icipl Estates: Rs 100 per sq.ft (2024)
• Green City Extension: Rs 100 per sq.ft (2024)
• A R Garden: Rs 100 per sq.ft (2024)
• AlanKar Garden: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jesus Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Therefore, the combined fees would be Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jesus Avenue?

The Sub Registrar Office that covers Jesus Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Avoor, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value plays a significant role in determining the overall costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Jesus Avenue?

The current guideline value of Jesus Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remains the same in 2024, resulting in a 49% increase overall from 2017 to 2024.

Are there any revisions without figures for Jesus Avenue?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Jesus Avenue.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Jesus Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Jesus Avenue?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, which covers Jesus Avenue.