Guideline Value for JEEVAN NAGAR

Jeevan Nagar guideline value

The current guideline value of Jeevan Nagar, located in Thammanur village under the Walajabad SRO, is Rs 448 per sq.ft. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Jeevan Nagar has changed

According to the guideline value register, there have been no figures recorded for Jeevan Nagar in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 448 per sq.ft, and this figure remains unchanged in the 2024 revision, which is also Rs 448 per sq.ft, reflecting a change of +0% from the previous year.

This consistency in the guideline value over the last two years indicates stability in the valuation for Jeevan Nagar. The 2024 figure aligns with the overall trend in the village, where various streets have different guideline values.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 448 per sq.ft, with a median value of Rs 300 per sq.ft. Jeevan Nagar's 2024 guideline value of Rs 448 per sq.ft is above this median.

• Kamadhenu Nagar Extension: Rs 448 per sq.ft (2024)
• Dhuvaragai Nagar: Rs 300 per sq.ft (2024)
• M.J.Nagar: Rs 300 per sq.ft (2024)
• Oragadam Avenue: Rs 200 per sq.ft (2024)
• AKSHAYA GREEN (a) AKSHAYA GARDEN: Rs 200 per sq.ft (2024)
• Rishi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees together to Rs 40,320. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevan Nagar?

The Jeevan Nagar area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To locate your nearest office, you can find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Thammanur, including Jeevan Nagar. It is used to determine the stamp duty and registration fees that a buyer must pay when acquiring property in the area.

When selling property, the guideline value helps establish a baseline for the sale price, ensuring that the transaction is recorded accurately in the official registry. This value is crucial for both buyers and sellers to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Jeevan Nagar?

The current guideline value of Jeevan Nagar is Rs 448 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Jeevan Nagar has remained unchanged at Rs 448 per sq.ft for both the 2023 and 2024 revisions. There are no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Jeevan Nagar?

Jeevan Nagar is classified under Residential Class III Type - I, which indicates its designation for residential purposes.

What are the stamp duty rates applicable in Jeevan Nagar?

The stamp duty in Jeevan Nagar is charged at 7% on the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Which office handles property registrations in Jeevan Nagar?

The Walajabad Sub Registrar Office handles property registrations in Jeevan Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.