Guideline Value for Jai Avenue

Jai Avenue guideline value

The current guideline value of Jai Avenue in Paandoor village, under the Thiruporur SRO, is Rs 1,493 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - I.

How the guideline value of Jai Avenue has changed

The guideline value for Jai Avenue has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the value at Rs 1,000 per sq.ft. This was followed by the 2023 revision, which maintained the same value of Rs 1,493 per sq.ft, showing a significant increase of 49% from the 2017 figure. The 2024 revision also retains the guideline value at Rs 1,493 per sq.ft, indicating no change from the previous year.

It is important to note that there are no recorded figures for Jai Avenue in the revisions of 2002, 2003, 2007, and 2012. Overall, comparing the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Paandoor

In Paandoor village, there are 35 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,493 per sq.ft, which is equal to the current guideline value of Jai Avenue.

• Gmr Avenue: Rs 600 per sq.ft (2024)
• KPN Blue Sky: Rs 1,614 per sq.ft (2024)
• Krishna Enclave: Rs 600 per sq.ft (2024)
• Dr. Apj Abdul Kalam Nagar: Rs 805 per sq.ft (2024)
• Cosmo City: Rs 1,614 per sq.ft (2024)
• Bavisha Gardens: Rs 1,493 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Avenue

For a property in Jai Avenue, the guideline value is Rs 1,493 per sq.ft. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 14,93,000. The stamp duty, charged at 7%, would amount to Rs 1,04,510, and the registration fee, charged at 2%, would be Rs 29,860. Together, the total fees would be Rs 1,34,370. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For additional calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Avenue?

The Sub Registrar Office that covers Jai Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paandoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value according to the local regulations.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jai Avenue?

The current guideline value of Jai Avenue is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, going from Rs 1,000 per sq.ft to Rs 1,493 per sq.ft in 2024, with no changes recorded between 2023 and 2024.

What are the stamp duty and registration fees for Jai Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty would be Rs 1,04,510, and the registration fee would be Rs 29,860, totaling Rs 1,34,370.

Which Sub Registrar Office covers Jai Avenue?

The Thiruporur Sub Registrar Office covers Jai Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the land classification of Jai Avenue?

Jai Avenue is classified as Mixed Type - I, which indicates the type of development and usage permitted in the area.