Guideline Value for Jeyanthirer Avenue

Jeyanthirer Avenue guideline value

The current guideline value of Jeyanthirer Avenue, located in Irunkattukottai village under the Sriperumpudur SRO, is Rs 750 per sq.ft. This value is effective from 1 July 2024 and falls under the Commercial Class I Type - II land classification.

How the guideline value of Jeyanthirer Avenue has changed

The guideline value for Jeyanthirer Avenue has seen several revisions over the years. In 2012, the guideline value was set at Rs 750 per sq.ft. However, it decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly by 49% to reach Rs 750 per sq.ft in 2023. The current revision for 2024 maintains this value at Rs 750 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Jeyanthirer Avenue's 2024 figure above the median.

• Jayendrar Avenue Part-II: Rs 750 per sq.ft (2024)
• J.S.R. Nagar: Rs 250 per sq.ft (2024)
• Kajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kalaignar Street: Rs 250 per sq.ft (2024)
• Kamachi Amman Nagar - I: Rs 600 per sq.ft (2024)
• Kamachi Amman Nagar - II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Jeyanthirer Avenue

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. It is important to note that the 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 Jeyanthirer Avenue?

The Sub Registrar Office that covers Jeyanthirer Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Irunkattukottai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When you engage in a property transaction, the guideline value helps in assessing the financial obligations involved. Buyers and sellers must be aware of this value to understand the costs associated with the registration process.

Frequently asked questions

What is the current guideline value of Jeyanthirer Avenue?

The current guideline value of Jeyanthirer Avenue is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 750 per sq.ft in 2012, decreasing to Rs 502 per sq.ft in 2017, and then rising back to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification of Jeyanthirer Avenue?

Jeyanthirer Avenue falls under the land classification of Commercial Class I Type - II.

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

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations for Jeyanthirer Avenue?

The Sriperumpudur Sub Registrar Office handles property registrations for Jeyanthirer Avenue, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.