Guideline Value for JKP JAYADEV AVENUE PHASE - I & PHASE - II

Jkp Jayadev Avenue Phase - I & Phase - II guideline value

The current guideline value for Jkp Jayadev Avenue Phase - I & Phase - II is Rs 830 per sq.ft, effective from 1 July 2024. This property is located in Padappai village, under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Jkp Jayadev Avenue Phase - I & Phase - II has changed

The guideline value for Jkp Jayadev Avenue Phase - I & Phase - II has seen significant changes over the years. In 2017, the guideline value was Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 830 per sq.ft, reflecting an 11% increase from the previous year.

It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 65%.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current guideline value of Jkp Jayadev Avenue Phase - I & Phase - II.

• Jaya Shree Enclave: Rs 900 per sq.ft (2024)
• Jai Ganapathy Nagar: Rs 830 per sq.ft (2024)
• Kamarajar Street: Rs 660 per sq.ft (2024)
• Kambar Garden: Rs 1,100 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Illagi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Jkp Jayadev Avenue Phase - I & Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, resulting in a total of Rs 74,700. 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 Jkp Jayadev Avenue Phase - I & Phase - II?

The Sub Registrar Office that covers Jkp Jayadev Avenue Phase - I & Phase - II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Padappai. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the costs associated with the transaction. Buyers should ensure that they are prepared to pay the necessary fees based on this value to avoid any complications during the registration process.

Frequently asked questions

What is the current guideline value for Jkp Jayadev Avenue Phase - I & Phase - II?

The current guideline value for Jkp Jayadev Avenue Phase - I & Phase - II is Rs 830 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 830 per sq.ft in 2024, marking an overall increase of 65%.

What are the stamp duty and registration fees for property in Jkp Jayadev Avenue Phase - I & Phase - II?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, totaling Rs 74,700.

Which office handles the registration for Jkp Jayadev Avenue Phase - I & Phase - II?

The Padappai Sub Registrar Office handles the registration for Jkp Jayadev Avenue Phase - I & Phase - II, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Jkp Jayadev Avenue Phase - I & Phase - II?

Jkp Jayadev Avenue Phase - I & Phase - II is classified as Residential Class III Type - I.