Guideline Value

Corporate

Guideline Value for JEEVA NAGAR

₹2200/sq.ft.

The guideline value for Jeeva Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹103 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹87 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jeeva Nagar

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Jeeva Nagar guideline value

The current guideline value of Jeeva Nagar, located in Pallikaranai village, is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Jeeva Nagar has changed

The guideline value for Jeeva Nagar has seen significant changes over the years. Starting from Rs 87 per sq.ft in 2002, it increased to Rs 103 per sq.ft in 2003, marking an 18% rise. The value then surged to Rs 400 per sq.ft in 2007, reflecting a substantial increase of 288%. By 2012, the guideline value remained at Rs 2,000 per sq.ft, and there was no change until 2023, when it was again Rs 2,000 per sq.ft. The latest revision in 2024 saw the guideline value rise to Rs 2,200 per sq.ft, indicating a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 2429%, showcasing a remarkable growth over the years.

Guideline values in Pallikaranai

Pallikaranai village has a range of guideline values for its streets under the Chennai South Joint I SRO, with figures for 2024 ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Jeeva Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Jeeva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeeva Nagar?

The Sub Registrar Office that covers Jeeva Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

When buying or selling property in Pallikaranai, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a benchmark for property transactions, ensuring that the fees are calculated based on a standardized valuation.

During the registration process, the buyer must pay stamp duty and registration fees based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jeeva Nagar?

The current guideline value of Jeeva Nagar is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 87 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2429% over the years.

What is the land classification of Jeeva Nagar?

Jeeva Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Jeeva Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Jeeva Nagar?

The Chennai South Joint I Sub Registrar Office covers Jeeva Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.