Guideline Value for JR ENCLAVE

Jr Enclave guideline value

The current guideline value of Jr Enclave, located in Ayappakkam village under the Ambattur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Jr Enclave has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Jr Enclave is above this median.

• Jr Enclave Phase - II: Rs 3,300 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

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 further calculations.

Which Sub Registrar Office covers Jr Enclave?

The Sub Registrar Office that covers Jr Enclave 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 here.

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 is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Jr Enclave?

The current guideline value of Jr Enclave is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

Other streets in Ayappakkam include Jr Enclave Phase - II and Phase - III at Rs 3,300 per sq.ft, Jr Enclave Phase - IV at Rs 2,200 per sq.ft, and Jr Enclave Phase - V at Rs 2,300 per sq.ft, among others.

What is the stamp duty for a property in Jr Enclave?

The stamp duty for a property in Jr Enclave is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft incurs a stamp duty of Rs 1,54,000.

Where can I find the Sub Registrar Office for Jr Enclave?

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