Guideline Value for JEEVANATHAM STREET

Jeevanatham Street guideline value

The current guideline value of Jeevanatham Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jeevanatham Street has changed

The guideline value for Jeevanatham Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. However, the value increased significantly in the 2023 revision to Rs 1,500 per sq.ft, and then rose again to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to the level established in 2012. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the current value of Jeevanatham Street below this median.

• J.C.K. Nagar: Rs 2,200 per sq.ft (2024)
• Jabar Street: Rs 1,650 per sq.ft (2024)
• Kailasanathar Kovil Street: Rs 2,200 per sq.ft (2024)
• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)
• Kalaivanar N.S.K(Kavarai Street): Rs 2,200 per sq.ft (2024)
• Kalathumettu Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanatham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevanatham Street?

The Sub Registrar Office that covers Jeevanatham Street 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 Chengalpattu Natham

The guideline value is a crucial factor when registering property transactions in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Jeevanatham Street?

The current guideline value of Jeevanatham Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased overall by 10% to the current rate. Notably, it increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024.

What are the stamp duty rates for property in Jeevanatham Street?

The stamp duty rate for property transactions in Jeevanatham Street is 7% of the guideline value or the sale price, whichever is higher. This is part of the total cost incurred during registration.

Which Sub Registrar Office handles transactions for Jeevanatham Street?

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

What is the land classification for Jeevanatham Street?

Jeevanatham Street is classified as Residential Class I Type - I, which indicates the type of development permissible in this area.