Guideline Value for JEEVARATHINAMMAL NAGAR

Jeevarathinammal Nagar guideline value

The current guideline value of Jeevarathinammal Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Jeevarathinammal Nagar has changed

The guideline value for Jeevarathinammal Nagar has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 230 per sq.ft. This increased to Rs 271 per sq.ft in 2003, marking an increase of 18%. The value then rose significantly to Rs 600 per sq.ft in 2007, which was a 121% increase. By 2012, the guideline value was Rs 3,000 per sq.ft, reflecting a substantial increase of 400% from the previous revision. However, this figure decreased by 33% to Rs 2,010 per sq.ft in 2017.

In the subsequent revisions, the guideline value increased to Rs 3,000 per sq.ft in 2023, followed by a 10% rise to Rs 3,300 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,335%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value for Jeevarathinammal Nagar.

• Jeevanlal Nagar: Rs 3,700 per sq.ft (2024)
• Jothi Nagars/Streets/Cross Streets: Rs 1,900 per sq.ft (2024)
• Kailash Sector: Rs 3,300 per sq.ft (2024)
• Kakkan Street: Rs 3,300 per sq.ft (2024)
• Kalaivanar Nagar: Rs 1,500 per sq.ft (2024)
• Kalyani Chetty Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevarathinammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that 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 Jeevarathinammal Nagar?

The Sub Registrar Office that covers Jeevarathinammal Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process is transparent and standardized.

When a buyer or seller approaches the Sub Registrar Office, the guideline value will be referenced to calculate applicable fees, including stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Jeevarathinammal Nagar?

The current guideline value of Jeevarathinammal Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 230 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,335% over the years.

What are the stamp duty rates for property in Jeevarathinammal Nagar?

The stamp duty rate for property transactions in Jeevarathinammal Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Jeevarathinammal Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Jeevarathinammal Nagar?

The land classification for Jeevarathinammal Nagar is Residential Special Type - I, which indicates its designated use for residential purposes.