Guideline Value for JP ROYAL AVENUE

Jp Royal Avenue guideline value

The current guideline value of Jp Royal Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village, under the jurisdiction of the Manavalanagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jp Royal Avenue has changed

In the 2017 revision, the guideline value for Jp Royal Avenue was set at Rs 600 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, where the guideline value also stood at Rs 600 per sq.ft. 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, there has been no change in the guideline value, maintaining a consistent rate of Rs 600 per sq.ft across these years. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also reflect a consistent rate, with a change of +0% in each case.

Guideline values in Nungambakkam

In Nungambakkam, there are 128 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Jp Royal Avenue's 2024 figure above this median.

• Sri Golden Avenue: Rs 1,201 per sq.ft (2024)
• Zy Gardens: Rs 700 per sq.ft (2024)
• Airphore Garden: Rs 126 per sq.ft (2024)
• Alamelu Ammal Nagar: Rs 300 per sq.ft (2024)
• Amrutha Garden: Rs 400 per sq.ft (2024)
• Amrutha Garden Extension: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Jp Royal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total charges to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jp Royal Avenue?

The Sub Registrar Office that covers Jp Royal Avenue is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects an accurate value for the property being transferred.

Frequently asked questions

What is the current guideline value of Jp Royal Avenue?

The current guideline value of Jp Royal Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jp Royal Avenue has remained consistent at Rs 600 per sq.ft across the revisions from 2017 to 2024, with no changes noted in the intervening years.

What are the other streets in Nungambakkam with their guideline values?

Other streets in Nungambakkam include Sri Golden Avenue at Rs 1,201 per sq.ft, Zy Gardens at Rs 700 per sq.ft, Airphore Garden at Rs 126 per sq.ft, Alamelu Ammal Nagar at Rs 300 per sq.ft, and Amrutha Garden at Rs 400 per sq.ft.

How is stamp duty calculated for properties in Jp Royal Avenue?

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 the guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, with the stamp duty calculated accordingly.

Where can I find the Sub Registrar Office for Jp Royal Avenue?

The Sub Registrar Office for Jp Royal Avenue is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.