Guideline Value for JAGAJEEVAN RAM AVENUE

Jagajeevan Ram Avenue guideline value

The current guideline value of Jagajeevan Ram Avenue is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO and is classified as Residential Special Type - III.

How the guideline value of Jagajeevan Ram Avenue has changed

The guideline value for Jagajeevan Ram Avenue has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 352 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2007, marking a 184% rise. In 2012, the value saw a further increase to Rs 4,500 per sq.ft, which was a substantial jump of 350%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 5,000 per sq.ft in 2024, which represents an increase of 11% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1320%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft as of 2024. The median value for these streets is Rs 2,200 per sq.ft, placing Jagajeevan Ram Avenue's 2024 figure above that median.

• Jansi Street: Rs 1,100 per sq.ft (2024)
• Ibrahim Street: Rs 1,700 per sq.ft (2024)
• Hil Christ Form: Rs 2,200 per sq.ft (2024)
• Harichandran 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• HARICHANDRA 3rd CROSS: Rs 2,800 per sq.ft (2024)
• Guru Enclave: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jagajeevan Ram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jagajeevan Ram Avenue?

The Sub Registrar Office that covers Jagajeevan Ram Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Jagajeevan Ram Avenue?

The current guideline value of Jagajeevan Ram Avenue is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 352 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Jagajeevan Ram Avenue?

Jagajeevan Ram Avenue is classified as Residential Special Type - III.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Jagajeevan Ram Avenue?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 50,00,000, the stamp duty at 7% would amount to Rs 3,50,000.