Guideline Value for JEEVA STREET (WARD -8)

Jeeva Street (Ward -8) guideline value

The current guideline value of Jeeva Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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

Over the years, the guideline value of Jeeva Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, an increase of 10% from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, marking a significant increase of 49% to the 2023 figure. In 2012, the value was Rs 1,200 per sq.ft, which represented a decrease of 33% from the Rs 804 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for Jeeva Street for the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Jeeva Street's 2024 figure above that median.

• Johnshi Rani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Jp Vatsan Enclave: Rs 661 per sq.ft (2024)
• J P Watch Man (Per): Rs 661 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 661 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This is essential for both buyers and sellers to understand, as it impacts the overall cost of the transaction.

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 1,320 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 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Jeeva Street?

Jeeva Street is classified as Residential Special Type - V, which indicates its suitability for residential development.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value.

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

The Chengleput Joint II Sub Registrar Office covers Jeeva Street (Ward -8) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the appropriate links.