Guideline Value for BABU JAGA JEEVARAM STREET

Babu Jaga Jeevaram Street guideline value

The current guideline value of Babu Jaga Jeevaram Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Babu Jaga Jeevaram Street has changed

The guideline value for Babu Jaga Jeevaram Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision. This was a decline of 33%. The value then increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 24% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a significant rise of 32% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from the 2012 revision to the 2024 revision.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is equal to the current figure for Babu Jaga Jeevaram Street.

• Bajani Kovil Street: Rs 1,980 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,980 per sq.ft (2024)
• Anna Street: Rs 2,530 per sq.ft (2024)
• Bharathiyar Street: Rs 1,980 per sq.ft (2024)
• Bhavani Nagar: Rs 1,980 per sq.ft (2024)
• Annai Indira Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Babu Jaga Jeevaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration fee would be Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Babu Jaga Jeevaram Street?

The Sub Registrar Office that covers Babu Jaga Jeevaram Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thiruvancheri, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally compliant.

Frequently asked questions

What is the current guideline value of Babu Jaga Jeevaram Street?

The current guideline value of Babu Jaga Jeevaram Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 1,800 per sq.ft in 2012, decreasing to Rs 1,206 per sq.ft in 2017, and then increasing to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 has raised it to Rs 1,980 per sq.ft.

What is the land classification for Babu Jaga Jeevaram Street?

Babu Jaga Jeevaram Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Babu Jaga Jeevaram Street?

The Sub Registrar Office for Babu Jaga Jeevaram Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000, leading to a stamp duty of Rs 1,38,600.