Guideline Value for JEEVANANDAM 6TH ST (AMBEDKAR ST)

Jeevanandam 6th St (Ambedkar St) guideline value

The current guideline value of Jeevanandam 6th St (Ambedkar St) is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Jeevanandam 6th St (Ambedkar St) has changed

The guideline value for Jeevanandam 6th St (Ambedkar St) has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. This was followed by a significant increase to Rs 900 per sq.ft in 2023, and then to Rs 950 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have 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. The guideline value of Jeevanandam 6th St (Ambedkar St) is below this median.

• Jeevanandam 5th St: Rs 950 per sq.ft (2024)
• Jeevanandam Main Road: Rs 950 per sq.ft (2024)
• Jeevanandam 4th St: Rs 950 per sq.ft (2024)
• Jeevanandam 3rd St: Rs 950 per sq.ft (2024)
• Jeevanandam 2nd St: Rs 950 per sq.ft (2024)
• Jeevanandam St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanandam 6th St (Ambedkar St)

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the 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, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevanandam 6th St (Ambedkar St)?

The Jeevanandam 6th St (Ambedkar 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 during the registration process when buying or selling property in Paruthipattu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction's value. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Jeevanandam 6th St (Ambedkar St)?

The current guideline value of Jeevanandam 6th St (Ambedkar 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 to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification of Jeevanandam 6th St (Ambedkar St)?

Jeevanandam 6th St (Ambedkar St) is classified as Residential Class II Type - I.

What are the registration fees for property transactions in this area?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jeevanandam 6th St (Ambedkar St)?

The Sub Registrar Office covering Jeevanandam 6th St (Ambedkar St) is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.