Guideline Value for JR ENCLAVE PHASE - II

Jr Enclave Phase - II guideline value

The current guideline value of Jr Enclave Phase - II is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Commercial Class I Type - I.

How the guideline value of Jr Enclave Phase - II has changed

The guideline value for Jr Enclave Phase - II has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase from Rs 3,000 per sq.ft in 2023, marking a change of +10%. Prior revisions from the register do not provide figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures are from 2023 and 2024, with the 2024 figure reflecting a notable increase. The absence of figures from earlier years indicates that no guideline value was registered for this street during those periods.

Guideline values in Ayappakkam

Ayappakkam has a total of 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, positioning Jr Enclave Phase - II above this median.

• Jr Enclave: Rs 2,200 per sq.ft (2024)
• Jr Enclave Phase-III: Rs 3,300 per sq.ft (2024)
• Jr Enclave Phase - IV: Rs 2,200 per sq.ft (2024)
• Jr Enclave Phase - V: Rs 2,300 per sq.ft (2024)
• JK Avenue: Rs 3,300 per sq.ft (2024)
• Jeevarathina street(iyappan nagar extn): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jr Enclave Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jr Enclave Phase - II?

The Sub Registrar Office covering Jr Enclave Phase - II is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process for property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Jr Enclave Phase - II?

The current guideline value of Jr Enclave Phase - II is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision, the guideline value increased from Rs 3,000 per sq.ft to Rs 3,300 per sq.ft in 2024, which is a change of +10%.

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

Other streets in Ayappakkam include Jr Enclave at Rs 2,200 per sq.ft, Jr Enclave Phase-III at Rs 3,300 per sq.ft, Jr Enclave Phase - IV at Rs 2,200 per sq.ft, Jr Enclave Phase - V at Rs 2,300 per sq.ft, JK Avenue at Rs 3,300 per sq.ft, and Jeevarathina street (iyappan nagar extn) at Rs 1,700 per sq.ft.

What is the registration fee for property in Jr Enclave Phase - II?

The registration fee is calculated based on the guideline value, which for Jr Enclave Phase - II is Rs 3,300 per sq.ft. For a 1,000 sq.ft plot, the total guideline value would be Rs 33,00,000, leading to a registration fee of Rs 66,000 at 2%.

Which office handles property registrations in Ayappakkam?

The Ambattur Sub Registrar Office handles property registrations in Ayappakkam. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.