Guideline Value for Jayakrishna Avenue

Jayakrishna Avenue guideline value

The current guideline value of Jayakrishna Avenue is Rs 600 per sq.ft. This street is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jayakrishna Avenue has changed

The guideline value for Jayakrishna Avenue has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 201 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 199% increase. However, in the 2017 revision, the value decreased to Rs 402 per sq.ft, a drop of 33%. The most recent revision in 2023 set the guideline value back to Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 199%. Notably, there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Melakottyur

Currently, there are no specific village figures provided for Melakottyur. Jayakrishna Avenue is classified under the Gooduvancheri SRO, and there are no other streets in Melakottyur listed with guideline values.

Stamp duty and registration fee for property in Jayakrishna Avenue

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jayakrishna Avenue?

The Sub Registrar Office that covers Jayakrishna Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Melakottyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with legal requirements. The guideline value serves as a benchmark for both buyers and sellers in the registration process.

Frequently asked questions

What is the current guideline value of Jayakrishna Avenue?

The current guideline value of Jayakrishna Avenue is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023.

What is the registration office for Jayakrishna Avenue?

The registration office for Jayakrishna Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Jayakrishna Avenue?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 54,000, which includes Rs 42,000 for stamp duty and Rs 12,000 for the registration fee.

Are there other streets in Melakottyur with guideline values?

Currently, there are no other streets in Melakottyur listed with guideline values under the Gooduvancheri SRO.