Guideline Value for JEEVANATHAM NAGAR

Jeevanatham Nagar guideline value

The current guideline value of Jeevanatham Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Jeevanatham Nagar has changed

The guideline value for Jeevanatham Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Jeevanatham Nagar.

• Jeevanatham Nagar Phase- I: Rs 660 per sq.ft (2024)
• Jeevanatham Nagar Phase- II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making a total of Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevanatham Nagar?

The Sub Registrar Office that covers Jeevanatham Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 is an essential factor in the registration process when buying or selling property in Thirukkachur - 1. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is crucial for both buyers and sellers, as it impacts the overall costs involved in property transactions. It ensures that the property is registered at a value that reflects the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Jeevanatham Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets with guideline values in Thirukkachur - 1?

Other streets in Thirukkachur - 1 include Jeevanatham Nagar Phase- I and Phase- II, both at Rs 660 per sq.ft, Jeeva Nagar at Rs 550 per sq.ft, Industrial Ariya Thirukatchur at Rs 2,200 per sq.ft, and Kamaraj Avenue at Rs 550 per sq.ft.

What is the stamp duty for property in Jeevanatham Nagar?

The stamp duty for property in Jeevanatham Nagar is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 46,200.

Which office handles registrations for Jeevanatham Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Jeevanatham Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.