Guideline Value for JONES SERENE AVENUE EXTENSION

Jones Serene Avenue Extension guideline value

The current guideline value of Jones Serene Avenue Extension is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moolacheri village under the Pallavaram SRO, classified as Mixed Special Type - I.

How the guideline value of Jones Serene Avenue Extension has changed

The guideline value register has no figures for Jones Serene Avenue Extension for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available revision is from 2024, which is Rs 4,400 per sq.ft.

Since there have been no figures recorded for this street in previous revisions, the current guideline value remains unchanged from the previous years where no data was available.

Guideline values in Moolacheri

In Moolacheri, there are 17 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 2,710 per sq.ft, placing the guideline value of Jones Serene Avenue Extension above this median.

• Kamacthi Street: Rs 1,100 per sq.ft (2024)
• Maduraipakkam Road: Rs 1,650 per sq.ft (2024)
• Dharani Nagar: Rs 1,650 per sq.ft (2024)
• M R Nagar: Rs 2,710 per sq.ft (2024)
• Arivalayam Street: Rs 1,650 per sq.ft (2024)
• Pearl Garden: Rs 3,410 per sq.ft (2024)

Stamp duty and registration fee for property in Jones Serene Avenue Extension

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jones Serene Avenue Extension?

The Sub Registrar Office that covers Jones Serene Avenue Extension is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Moolacheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value will influence the overall cost, as the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Jones Serene Avenue Extension?

The current guideline value of Jones Serene Avenue Extension is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures recorded for Jones Serene Avenue Extension in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available revision is from 2024.

What is the land classification for Jones Serene Avenue Extension?

Jones Serene Avenue Extension is classified as Mixed Special Type - I under the land classification system.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Moolacheri?

Stamp duty for properties in Moolacheri is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.