Guideline Value for JEEVA NAGAR

Jeeva Nagar guideline value

The current guideline value of Jeeva Nagar, located in Cantonment Pallavaram village under the Pallavaram SRO, is Rs 2,700 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under Residential Class II Type - I land classification.

How the guideline value of Jeeva Nagar has changed

The guideline value for Jeeva Nagar has seen several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 11,000 per sq.ft, with the median value being Rs 2,700 per sq.ft. The guideline value of Jeeva Nagar matches this median.

• Janab Ismail Street: Rs 2,700 per sq.ft (2024)
• Jaganthan Street: Rs 3,300 per sq.ft (2024)
• Ismoil Street: Rs 3,300 per sq.ft (2024)
• Kaji Sayabu Street: Rs 2,700 per sq.ft (2024)
• Indragandhi Road: Rs 5,500 per sq.ft (2024)
• Hussain Saheb St: Rs 2,700 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jeeva Nagar?

The Jeeva Nagar area falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Cantonment Pallavaram. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling a property, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for duty calculations.

Frequently asked questions

What is the current guideline value of Jeeva Nagar?

The current guideline value of Jeeva Nagar is Rs 2,700 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 from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Jeeva Nagar?

The Pallavaram Sub Registrar Office covers Jeeva Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Jeeva Nagar?

Jeeva Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.