Guideline Value for JEEVANANDAM STREET

Jeevanandam Street guideline value

The current guideline value of Jeevanandam Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Jeevanandam Street has changed

The guideline value for Jeevanandam Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in 2023, marking a significant rise of 49%. With the latest revision in 2024, the value has further increased to Rs 550 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur village, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value is Rs 550 per sq.ft, which is equal to the current value of Jeevanandam Street.

• Jayaram Nagar: Rs 440 per sq.ft (2024)
• Jawahar Nagar: Rs 1,320 per sq.ft (2024)
• Janakirathina Nagar Bazzar: Rs 1,320 per sq.ft (2024)
• Janakirathina Nagar: Rs 1,320 per sq.ft (2024)
• Kakkanji Colony: Rs 550 per sq.ft (2024)
• Kalaignar Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanandam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jeevanandam Street?

The Jeevanandam Street is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that are payable upon the sale or purchase of property.

When a property is sold or bought, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This process helps maintain transparency and consistency in real estate transactions.

Frequently asked questions

What is the current guideline value of Jeevanandam Street?

The current guideline value of Jeevanandam Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the other streets in Minjur with their guideline values?

Other streets in Minjur include Jayaram Nagar at Rs 440 per sq.ft, Jawahar Nagar at Rs 1,320 per sq.ft, and several others, with values ranging from Rs 440 to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Jeevanandam Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,50,000, leading to a stamp duty of Rs 38,500 and a registration fee of Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Jeevanandam Street?

The Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, handles registrations for Jeevanandam Street.