Guideline Value for JEEVA ST

Jeeva St guideline value

The current guideline value for Jeeva St in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Jeeva St has changed

The guideline value for Jeeva St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 950 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. Jeeva St's 2024 figure is below this median.

• Jeevanandam St: Rs 950 per sq.ft (2024)
• Jeevanandam Main Road: Rs 950 per sq.ft (2024)
• Jeevanandam 6th St (Ambedkar St): Rs 950 per sq.ft (2024)
• Jeevanandam 5th St: Rs 950 per sq.ft (2024)
• Jeevanandam 4th St: Rs 950 per sq.ft (2024)
• Jeevanandam 3rd St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. 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 St?

The Jeeva St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Paruthipattu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair baseline for pricing. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value for Jeeva St?

The current guideline value for Jeeva St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Jeeva St?

Jeeva St is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles the registration for Jeeva St?

The Avadi Sub Registrar Office handles the registration for Jeeva St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.