Guideline Value

Corporate

Guideline Value for Jasmine Nagar-II

₹440/sq.ft.

The guideline value for Jasmine Nagar-ii in Palavedu village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavedu

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹400 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jasmine Nagar-ii

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Jasmine Nagar-II guideline value

The current guideline value of Jasmine Nagar-II is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Palavedu village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Jasmine Nagar-II has changed

Over the years, the guideline value of Jasmine Nagar-II has seen several revisions. The most recent revision in 2024 set the value at Rs 440 per sq.ft, which is an increase from the 2023 revision of Rs 400 per sq.ft, reflecting a change of +10%. Prior to that, the 2017 revision also recorded a value of Rs 400 per sq.ft, indicating no change from 2017 to 2023. Overall, from 2017 to the current 2024 revision, the guideline value has increased by +10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the first recorded values for Jasmine Nagar-II begin with the 2017 revision.

Guideline values in Palavedu

In Palavedu, there are 18 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 290 to Rs 1,100 per sq.ft. The median value among these streets is Rs 440 per sq.ft, which is equal to the guideline value of Jasmine Nagar-II.

Stamp duty and registration fee for property in Jasmine Nagar-II

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty is charged at 7%, which totals Rs 30,800, and the registration fee is charged at 2%, amounting to Rs 8,800. Together, the total cost for these fees is Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jasmine Nagar-II?

The Jasmine Nagar-II area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palavedu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jasmine Nagar-II?

The current guideline value of Jasmine Nagar-II is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From 2017 to 2024, the guideline value has increased by 10%, from Rs 400 per sq.ft to Rs 440 per sq.ft. The most recent change was a 10% increase from the 2023 revision.

What are the other streets in Palavedu with the same guideline value?

Other streets in Palavedu with the same guideline value of Rs 440 per sq.ft include Jasmine Nagar, Iyyappan Nagar, Kamaraj Nagar, Karnan Nagar, Eswaran Koil Street, and Balakumaran Nagar Phase - I.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in Jasmine Nagar-II?

Stamp duty in Jasmine Nagar-II is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot with a guideline value of Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.