Guideline Value for JEEVANANTHAM STREET

Jeevanantham Street guideline value

The current guideline value of Jeevanantham Street in Thiruvanmiyur village is Rs 7,150 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Jeevanantham Street has changed

The guideline value for Jeevanantham Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 896 per sq.ft. This figure increased to Rs 991 per sq.ft in 2003, marking a 11% rise. The value then saw a further increase of 31% to reach Rs 1,300 per sq.ft in 2007. In the 2012 revision, the value was Rs 6,500 per sq.ft, which was a significant increase of 400% from the previous figure.

Moving to the 2017 revision, the guideline value rose to Rs 4,355 per sq.ft, reflecting a decrease of 33% from the 2012 revision. The 2023 revision saw another increase, bringing the value to Rs 6,500 per sq.ft, and finally, the most recent 2024 revision set the guideline value at Rs 7,150 per sq.ft, a 10% increase from the previous year.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are a total of 484 streets under the Chennai South Joint I SRO with 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 Jeevanantham Street's 2024 figure below that median.

• Jeevagan Street: Rs 11,000 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 Jeevanantham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevanantham Street?

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

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

When buying or selling property in Thiruvanmiyur, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value is assessed by the Registration Department and is periodically revised to reflect changes in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with the regulations during property transactions.

Frequently asked questions

What is the current guideline value of Jeevanantham Street?

The current guideline value of Jeevanantham Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 896 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 698% across the revisions.

What is the land classification of Jeevanantham Street?

Jeevanantham Street is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.

What are the stamp duty rates applicable in Thiruvanmiyur?

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

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

The Sub Registrar Office covering Jeevanantham Street is located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.