Guideline Value for JEEVANANDAN STREET

Jeevanandan Street guideline value

The current guideline value of Jeevanandan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Jeevanandan Street has changed

The guideline value for Jeevanandan Street has undergone several revisions over the years. In 2002, the guideline value was Rs 420 per sq.ft. This increased to Rs 461 per sq.ft in 2003, marking a rise of 10%. By 2007, the value saw a significant increase to Rs 550 per sq.ft, which was a 19% change. The next revision in 2012 brought the value to Rs 2,000 per sq.ft, reflecting a substantial increase of 264%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 2,000 per sq.ft, which then increased by 10% to reach the current value of Rs 2,200 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 424%. There are no figures available for the revisions in years other than those mentioned above.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft in 2024. The median value for these streets is Rs 2,700 per sq.ft, placing Jeevanandan Street's 2024 figure below that median.

• Jegadhambal Street: Rs 3,200 per sq.ft (2024)
• Jegajeevan Ram Nagar: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 4th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanandan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevanandan Street?

The Sub Registrar Office that covers Jeevanandan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps to establish the legal framework for the transaction. It is essential for both buyers and sellers to understand this value to ensure compliance with registration requirements and to avoid any potential disputes.

Frequently asked questions

What is the current guideline value of Jeevanandan Street?

The current guideline value of Jeevanandan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 420 in 2002 to Rs 2,200 in 2024, with various increases and decreases across the revisions in 2003, 2007, 2012, 2017, and 2023.

What is the land classification for Jeevanandan Street?

Jeevanandan Street is classified as Residential Class IV Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Jeevanandan Street?

The Sub Registrar Office for Jeevanandan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.