Guideline Value for JEEVA NAGAR

Jeeva Nagar guideline value

The current guideline value of Jeeva Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class II Type - III.

How the guideline value of Jeeva Nagar has changed

The guideline value for Jeeva Nagar has seen several revisions over the years. The earliest recorded figure is from 2017, where the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current value for Jeeva Nagar.

• Jayaram Nagar Annexue: Rs 750 per sq.ft (2024)
• Jaya Nagar: Rs 840 per sq.ft (2024)
• J.M. Nagar: Rs 950 per sq.ft (2024)
• Janagi Nagar: Rs 750 per sq.ft (2024)
• Jagadeesan Nagar: Rs 750 per sq.ft (2024)
• Jaavar Nagar & Streets: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. It is important to note that 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 Jeeva Nagar?

The Jeeva Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that the transaction is recorded accurately and that all legal obligations are met.

Frequently asked questions

What is the current guideline value for Jeeva Nagar?

The current guideline value for Jeeva Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, reflecting a total increase of 60% over this period.

What are the stamp duty rates for property transactions in Jeeva Nagar?

The stamp duty for property transactions in Jeeva Nagar is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the registration office for Jeeva Nagar?

The registration office covering Jeeva Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the median guideline value for streets in Thiruninravur-A?

The median guideline value for streets in Thiruninravur-A is Rs 750 per sq.ft, which is the same as the current guideline value for Jeeva Nagar.