Guideline Value for JR ENCLAVE PHASE - V

Jr Enclave Phase - V guideline value

The current guideline value of Jr Enclave Phase - V is Rs 2,300 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class II Type - IV.

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

The guideline value for Jr Enclave Phase - V has remained consistent across multiple revisions. The 2017 revision recorded a guideline value of Rs 2,300 per sq.ft, which was also the figure for the 2023 revision. The most recent 2024 revision continues this trend, maintaining the same guideline value of Rs 2,300 per sq.ft.

There are no recorded guideline values for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, there has been no change in the guideline value, with a 0% increase noted between 2023 and 2024 as well as between 2017 and 2023.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, positioning Jr Enclave Phase - V above this median.

• Jr Enclave Phase - IV: Rs 2,200 per sq.ft (2024)
• Jr Enclave Phase-III: Rs 3,300 per sq.ft (2024)
• Jr Enclave Phase - II: Rs 3,300 per sq.ft (2024)
• Jr Enclave: Rs 2,200 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 - V

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Jr Enclave Phase - V?

The Sub Registrar Office that covers Jr Enclave Phase - V is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any legal complications during registration.

Frequently asked questions

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

The current guideline value of Jr Enclave Phase - V is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 2,300 per sq.ft from 2017 through 2024, with no changes noted in the revisions for the years 2023 and 2024.

What is the classification of land in Jr Enclave Phase - V?

The land classification for Jr Enclave Phase - V is Residential Class II Type - IV, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Jr Enclave Phase - V is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 23,00,000 would incur a stamp duty of Rs 1,61,000 at a rate of 7%.