Guideline Value for JEEVAGAN STREET

Jeevagan Street guideline value

The current guideline value of Jeevagan Street, located in Thiruvanmiyur village, is Rs 11,000 per sq.ft. This value is effective from 1 July 2024 and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Jeevagan Street has changed

Since the 2002 revision, the guideline value of Jeevagan Street has seen significant changes. In 2002, the value was Rs 1,573 per sq.ft. It increased to Rs 1,740 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,800 per sq.ft in 2007, reflecting a 3% increase. A substantial jump occurred in 2012, where the value reached Rs 10,000 per sq.ft, a 456% increase from the previous figure. However, it decreased to Rs 6,700 per sq.ft in 2017, resulting in a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 10,000 per sq.ft, which is a 49% rise. The most recent revision in 2024 has seen the value increase to Rs 11,000 per sq.ft, marking a 10% increase from the previous year. There are no figures available for any other revisions for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Jeevagan Street's 2024 value above this median.

• Jeevanantham Street: Rs 7,150 per sq.ft (2024)
• Jayaram Street / Jayaram Nagar: Rs 9,900 per sq.ft (2024)
• Jayaram Nagar 1 To 5 Cross Streets: Rs 9,900 per sq.ft (2024)
• Jayaram Chettiar Street: Rs 9,900 per sq.ft (2024)
• Journalist Colony: Rs 9,900 per sq.ft (2024)
• Justic Avenue: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevagan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty, calculated at 7%, would be Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000. Together, these fees total Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevagan Street?

The Sub Registrar Office that covers Jeevagan Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that all transactions are conducted transparently and fairly. It helps in determining the amount of tax payable to the government, which is essential for maintaining accurate records of property ownership.

Frequently asked questions

What is the current guideline value of Jeevagan Street?

The current guideline value of Jeevagan Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,573 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 599% over the years.

What is the land classification for Jeevagan Street?

Jeevagan Street is classified as Residential Special Type - II under the Chennai South Joint I SRO.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,90,000.

Which office handles the registration for Jeevagan Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Jeevagan Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.