Guideline Value for B. JEEVA NAGAR

B. Jeeva Nagar guideline value

The current guideline value of B. Jeeva Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Vallur village under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of B. Jeeva Nagar has changed

The guideline value for B. Jeeva Nagar has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 134 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for B. Jeeva Nagar. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is the same as the guideline value for B. Jeeva Nagar. Below are other streets in Vallur with their respective 2024 guideline values:

• Bijiva Nagar: Rs 220 per sq.ft (2024)
• Bharathi Nagar: Rs 220 per sq.ft (2024)
• Chamundeeswari Nagar: Rs 220 per sq.ft (2024)
• Barathiyamman Nagar: Rs 220 per sq.ft (2024)
• Balamurugan Nagar: Rs 220 per sq.ft (2024)
• Bagavathiyamman Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in B. Jeeva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers B. Jeeva Nagar?

B. Jeeva Nagar falls under 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 Vallur

The guideline value is a crucial factor in the registration of property transactions in Vallur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, thus safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of B. Jeeva Nagar?

The current guideline value of B. Jeeva Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate in B. Jeeva Nagar?

The stamp duty rate in B. Jeeva Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for B. Jeeva Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for B. Jeeva Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How can I calculate the registration fees for a property in B. Jeeva Nagar?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.