Guideline Value for JEEVA STREET (N.G.O. COLONY, 100 FEET ROAD, VADAPALANI)

Jeeva Street (N.G.O. Colony, 100 Feet Road, Vadapalani) guideline value

The current guideline value of Jeeva Street (N.G.O. Colony, 100 Feet Road, Vadapalani) is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Jeeva Street (N.G.O. Colony, 100 Feet Road, Vadapalani) has changed

The guideline value for Jeeva Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 4,600 per sq.ft. This decreased to Rs 3,082 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 5,000 per sq.ft, representing a significant rise of 62% from the 2017 figure.

Overall, from the 2012 to 2024 revisions, the guideline value has increased by 9%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, which means that Jeeva Street's 2024 figure is below that median.

• J.D. Durairaj Nagar 9th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• J.D. Durairaj Nagar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Street (N.G.O. Colony, 100 Feet Road, Vadapalani)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeeva Street (N.G.O. Colony, 100 Feet Road, Vadapalani)?

The Sub Registrar Office that covers Jeeva Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property in Puliyur, the guideline value is referenced to ensure that the transaction is recorded accurately and legally.

It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for assessing the property's worth in the eyes of the law.

Frequently asked questions

What is the current guideline value of Jeeva Street?

The current guideline value of Jeeva Street (N.G.O. Colony, 100 Feet Road, Vadapalani) is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,600 per sq.ft in 2012 to Rs 3,082 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2024. This reflects a 62% increase from 2017 to 2024 and a 9% increase overall from 2012 to 2024.

What is the land classification for Jeeva Street?

Jeeva Street falls under the Residential Class III Type - I land classification according to the Kodambakkam SRO guidelines.

Where can I find the Sub Registrar Office for Jeeva Street?

The Kodambakkam Sub Registrar Office, which covers Jeeva Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Jeeva Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at a rate of 7%.