Guideline Value for JEEVA NAGAR

Jeeva Nagar guideline value

The current guideline value of Jeeva Nagar, located in Pariri village under the Chengleput Joint II SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Jeeva Nagar has changed

The guideline value for Jeeva Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,000 per sq.ft. The 2017 revision marked a significant increase to Rs 670 per sq.ft, showing a 49% increase from the previous figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall, from 2012 to 2024, there has been no change, maintaining the value at Rs 1,000 per sq.ft. The most recent revision in 2024 indicates a consistent value since 2023, with no percentage change between these two years.

Guideline values in Pariri

In Pariri village, there are eight streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Jeeva Nagar's 2024 figure above this median.

• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Elumalai Nagar: Rs 700 per sq.ft (2024)
• Barathi Nagar: Rs 700 per sq.ft (2024)
• Arunachala Nagar: Rs 700 per sq.ft (2024)
• Parasakthi Nagar: Rs 700 per sq.ft (2024)
• Sri Baba Nagar: Rs 700 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Jeeva Nagar?

The Jeeva Nagar area falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Pariri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property registration process.

When a property transaction occurs, the guideline value is referenced to ensure that the correct fees are applied, which helps maintain transparency and fairness in property dealings. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Jeeva Nagar?

The current guideline value of Jeeva Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since 2012, with a notable increase from Rs 670 per sq.ft in 2017. There were no changes from 2023 to 2024.

What is the land classification for Jeeva Nagar?

The land classification for Jeeva Nagar is Residential Special Type - I. This classification can influence the use and development of the land.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for the area.

How is stamp duty calculated for property in Jeeva Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.