Guideline Value for JEEVANATHAM NAGAR PHASE- II

Jeevanatham Nagar Phase- II guideline value

The current guideline value of Jeevanatham Nagar Phase- II is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Jeevanatham Nagar Phase- II has changed

The guideline value for Jeevanatham Nagar Phase- II has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 600 per sq.ft. This increased by 10% in the 2024 revision, bringing the current value to Rs 660 per sq.ft.

In summary, the most recent change from 2023 to 2024 reflects a 10% increase, while the previous revisions do not have any figures recorded for this street. The current guideline value aligns with the median value of Rs 660 per sq.ft for other streets in Thirukkachur - 1.

Guideline values in Thirukkachur - 1

Thirukkachur - 1 has a total of 86 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 3,300 per sq.ft. The median value for these streets is Rs 660 per sq.ft, which is the same as the current guideline value for Jeevanatham Nagar Phase- II. Below are the guideline values for other streets in Thirukkachur - 1:

• Jeevanatham Nagar Phase- I: Rs 660 per sq.ft (2024)
• Jeevanatham Nagar: Rs 660 per sq.ft (2024)
• Jeeva Nagar: Rs 550 per sq.ft (2024)
• Industrial Ariya Thirukatchur: Rs 2,200 per sq.ft (2024)
• Kamaraj Avenue: Rs 550 per sq.ft (2024)
• Kamatchi Ambal Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanatham Nagar Phase- II

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that 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 more details.

Which Sub Registrar Office covers Jeevanatham Nagar Phase- II?

The Sub Registrar Office that covers Jeevanatham Nagar Phase- II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Thirukkachur - 1. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established value of the property.

When a property is registered, the guideline value is used to assess the financial obligations of the buyer. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Jeevanatham Nagar Phase- II?

The current guideline value of Jeevanatham Nagar Phase- II is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jeevanatham Nagar Phase- II was Rs 600 per sq.ft in 2023 and increased by 10% to Rs 660 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Thirukkachur - 1?

The median guideline value for streets in Thirukkachur - 1 is Rs 660 per sq.ft. This is the same as the current guideline value for Jeevanatham Nagar Phase- II.

What are the stamp duty and registration fees for property in Jeevanatham Nagar Phase- II?

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the total stamp duty and registration fees would amount to Rs 59,400. This includes a stamp duty of Rs 46,200 and a registration fee of Rs 13,200.

Where can I find the Sub Registrar Office for Jeevanatham Nagar Phase- II?

The Sub Registrar Office for Jeevanatham Nagar Phase- II is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.