Guideline Value for JEEVA STREET (WARD -8)

Jeeva Street (Ward -8) guideline value

The current guideline value of Jeeva Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO, with a land classification of Residential Special Type - V.

How the guideline value of Jeeva Street (Ward -8) has changed

The guideline value for Jeeva Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease in 2017 to Rs 804 per sq.ft, a significant drop of 33%. In 2023, the value increased to Rs 1,200 per sq.ft, and the latest revision in 2024 shows an increase to Rs 1,321 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 1,200 per sq.ft. Overall, the guideline value has increased by 10% from 2012 to 2024. The register does not have figures for Jeeva Street for the years 2002, 2003, and 2007.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median value is Rs 1,100 per sq.ft, making Jeeva Street's 2024 figure of Rs 1,321 per sq.ft above that median.

• Johnshi Rani Street (Ward -8): Rs 1,321 per sq.ft (2024)
• J P Watch Man (Per): Rs 660 per sq.ft (2024)
• Jrk School (N): Rs 1,321 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. Please 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 details.

Which Sub Registrar Office covers Jeeva Street (Ward -8)?

The Sub Registrar Office that covers Jeeva Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum sale price for the property. This ensures that the transaction is recorded accurately and reflects the market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Jeeva Street (Ward -8)?

The current guideline value of Jeeva Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Jeeva Street?

Jeeva Street is classified as Residential Special Type - V, which indicates its designated use for residential purposes.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, with Jeeva Street's value of Rs 1,321 per sq.ft being above this median.

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. For example, a property valued at Rs 13,21,000 would incur a stamp duty of Rs 92,470 at 7%.