Guideline Value for JEEVARATHANAM NAGAR

Jeevarathanam Nagar guideline value

The current guideline value of Jeevarathanam Nagar is Rs 104 per sq.ft, effective from 1 July 2024. This area is located in Sivapuram village and falls under the Sunguvarchattram SRO. The land classification for this region is Residential Class II Type - I.

How the guideline value of Jeevarathanam Nagar has changed

In the 2023 revision, the guideline value was Rs 100 per sq.ft. The most recent revision in 2024 has increased this value to Rs 104 per sq.ft, marking a change of +4%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the only revisions available are from 2023 and 2024, with the guideline value increasing from Rs 100 to Rs 104. This reflects the most current valuation for Jeevarathanam Nagar.

Guideline values in Sivapuram

In addition to Jeevarathanam Nagar, there are other streets in Sivapuram under the Sunguvarchattram SRO. The guideline values for these streets are as follows:

• Ashtalakshmi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevarathanam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 104 per sq.ft, the guideline value is Rs 1,04,000. The stamp duty at 7% amounts to Rs 7,280, and the registration fee at 2% is Rs 2,080, totaling Rs 9,360. 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 further calculations.

Which Sub Registrar Office covers Jeevarathanam Nagar?

The Jeevarathanam Nagar area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sivapuram. It determines the base value upon which stamp duty and registration fees are calculated, ensuring that both parties in a transaction are paying the appropriate taxes based on the official valuation.

When registering a property, the guideline value serves as a benchmark. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jeevarathanam Nagar?

The current guideline value of Jeevarathanam Nagar is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 100 per sq.ft in 2023 to Rs 104 per sq.ft in 2024, reflecting a +4% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the stamp duty rate for properties in Jeevarathanam Nagar?

The stamp duty rate for properties in Jeevarathanam Nagar is 7%. This is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for Jeevarathanam Nagar?

The Sub Registrar Office covering Jeevarathanam Nagar is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the registration fee calculated for properties in Jeevarathanam Nagar?

The registration fee for properties in Jeevarathanam Nagar is calculated at 2% of the guideline value. For example, if the guideline value is Rs 1,04,000, the registration fee would be Rs 2,080.