Guideline Value for JEENIS ROAD

Jeenis Road guideline value

The current guideline value of Jeenis Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - II.

How the guideline value of Jeenis Road has changed

The guideline value for Jeenis Road has seen significant changes over the years. In 2002, the value was Rs 1,094 per sq.ft. It increased to Rs 2,000 per sq.ft in 2003, marking an increase of 83%. By 2007, the value rose further to Rs 2,500 per sq.ft, a 25% increase. The 2012 revision saw a notable jump to Rs 11,000 per sq.ft, reflecting a 340% increase. However, this was followed by a decrease to Rs 7,370 per sq.ft in 2017, which was a drop of 33%. The value then climbed to Rs 11,000 per sq.ft in 2023, before reaching the current figure of Rs 12,100 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value for Jeenis Road has increased by 1006%. There are no figures available for the revisions in years other than those listed.

Guideline values in Mambalam

In Mambalam village, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Jeenis Road's 2024 figure above this median.

• Jeer Naidu 2 Lane: Rs 5,000 per sq.ft (2024)
• Jeer Naidu 3 Lane: Rs 5,000 per sq.ft (2024)
• Jeer Naidu Ist Lane: Rs 5,000 per sq.ft (2024)
• Jeer Naidu Lane: Rs 5,000 per sq.ft (2024)
• Jayaram Street: Rs 5,500 per sq.ft (2024)
• Jones Road (East) Northern Side of Anna Salai Northern Side D.No 8 to Southern side D.No 1: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Jeenis Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value amounts to Rs 1,21,00,000. The stamp duty is calculated at 7%, which comes to Rs 8,47,000, and the registration fee at 2% totals Rs 2,42,000. Together, the total cost for stamp duty and registration fee is Rs 10,89,000. 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 details.

Which Sub Registrar Office covers Jeenis Road?

The Sub Registrar Office that covers Jeenis Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

When buying or selling property in Mambalam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

Both the buyer and seller must consider the guideline value when negotiating the sale price. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jeenis Road?

The current guideline value of Jeenis Road is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,094 per sq.ft in 2002 to Rs 12,100 per sq.ft in 2024, reflecting an overall increase of 1006%.

What is the land classification of Jeenis Road?

Jeenis Road is classified as Mixed Special Type - II under the land classification system.

What are the stamp duty and registration fees for a property in Jeenis Road?

For a property valued at Rs 1,21,00,000, the stamp duty is Rs 8,47,000 and the registration fee is Rs 2,42,000, totaling Rs 10,89,000.

Which office handles the registration for Jeenis Road?

The Thiyagaraya nagar Sub Registrar Office handles the registration for Jeenis Road, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.