Guideline Value for THIPPU JAYANTHI AVENUE

Thippu Jayanthi Avenue guideline value

The current guideline value of Thippu Jayanthi Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Melsingilimedu village under the Thiruvottiyur SRO, classified as Residential Special Type - II.

How the guideline value of Thippu Jayanthi Avenue has changed

The guideline value for Thippu Jayanthi Avenue has seen changes over the years, with the most recent revision in 2024 setting the value at Rs 880 per sq.ft, an increase from Rs 800 per sq.ft in 2023. This represents a change of +10% from the previous year.

Prior to the 2023 revision, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002. The only available figures are from the 2023 and 2024 revisions.

Guideline values in Melsingilimedu

In Melsingilimedu, there are 14 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with the median being Rs 330 per sq.ft. Thippu Jayanthi Avenue's 2024 figure is above this median.

• Thippu Jayanthi Nagar: Rs 330 per sq.ft (2024)
• Thippu Jayanthi Nagar (2): Rs 330 per sq.ft (2024)
• Sri Lakshmi Amman Nagar: Rs 330 per sq.ft (2024)
• Sri Kaligambal Nagar Ext: Rs 330 per sq.ft (2024)
• Sri Kaligambal Nagar: Rs 330 per sq.ft (2024)
• Sri Kaligambal Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Thippu Jayanthi Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would amount to Rs 17,600, totaling Rs 79,200. 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 Thippu Jayanthi Avenue?

The Thippu Jayanthi Avenue falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Melsingilimedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation set by the authorities. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Thippu Jayanthi Avenue?

The current guideline value of Thippu Jayanthi Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, representing a +10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Thippu Jayanthi Avenue?

Thippu Jayanthi Avenue is classified as Residential Special Type - II, which indicates its intended use within the local planning framework.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 79,200, based on the current guideline value of Rs 8,80,000. The duty is calculated on the higher of the guideline value or the sale price.

Which office handles the registration for Thippu Jayanthi Avenue?

The registration for Thippu Jayanthi Avenue is handled by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.