Guideline Value for JR ENCLAVE PHASE-III

Jr Enclave Phase-III guideline value

The current guideline value of Jr Enclave Phase-III 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-III has changed

The guideline value for Jr Enclave Phase-III has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was significantly lower at Rs 1,675 per sq.ft, which reflects a substantial increase of 79% to the 2023 figure. The overall change from 2017 to 2024 shows an increase of 97%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Ayappakkam

Ayappakkam has a total of 221 streets under the Ambattur SRO, with 2024 guideline values 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, placing Jr Enclave Phase-III's 2024 value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that 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 Jr Enclave Phase-III?

The Sub Registrar Office that covers Jr Enclave Phase-III 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ayappakkam. It is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are in compliance with local regulations.

When buying or selling property, the guideline value is referenced to establish the minimum value for registration purposes. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Jr Enclave Phase-III?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 97% over this period.

What is the registration office for Ayappakkam?

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

How is stamp duty calculated for properties in Jr Enclave Phase-III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft would incur a stamp duty of Rs 2,31,000.

What are the other streets with guideline values in Ayappakkam?

Other streets in Ayappakkam include Jr Enclave Phase - II and JK Avenue, both valued at Rs 3,300 per sq.ft in 2024, among others with varying rates.