Guideline Value for JK Avenue

JK Avenue guideline value

The current guideline value of JK Avenue in Navaloor village, under the Thiruporur SRO, is Rs 4,000 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Type - II.

How the guideline value of JK Avenue has changed

Looking at the historical revisions, the guideline value for JK Avenue was Rs 4,000 per sq.ft in 2012. In the subsequent revision in 2017, this value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the guideline value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%.

Overall, comparing the values from 2012 to 2023, there has been no net change, as the guideline value remains at Rs 4,000 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2024 do not have any figures recorded for this street.

Guideline values in Navaloor

Currently, there are no specific village figures available for Navaloor. JK Avenue is situated within the Thiruporur SRO, which covers the guideline values for various streets. Unfortunately, there are no other streets in Navaloor listed with their guideline values.

Stamp duty and registration fee for property in JK Avenue

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total cost to Rs 3,60,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers JK Avenue?

The Sub Registrar Office that covers JK Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Navaloor, the guideline value is a crucial factor that determines the registration fees and stamp duty applicable to the transaction. This value is set by the Registration Department and is used as a basis for calculating the costs involved in the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the transaction is compliant with the legal requirements set forth by the local authorities. The guideline value serves as a reference point for both parties during the sale and purchase of property.

Frequently asked questions

What is the current guideline value of JK Avenue?

The current guideline value of JK Avenue is Rs 4,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, followed by an increase back to Rs 4,000 per sq.ft in 2023. Overall, from 2012 to 2023, there has been no net change.

What is the land classification for JK Avenue?

The land classification for JK Avenue is Mixed Type - II, which indicates the type of development allowed in the area.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in JK Avenue?

Stamp duty for properties in JK Avenue is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 3,60,000 in stamp duty and registration fees combined.