Guideline Value for JEGAJEEVANRAM NAGAR 2ND STREET

Jegajeevanram Nagar 2nd Street guideline value

The current guideline value of Jegajeevanram Nagar 2nd Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Jegajeevan Nagar 2nd Street has changed

Since the 2007 revision, the guideline value for Jegajeevanram Nagar 2nd Street has seen significant changes. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision marked a rise to Rs 1,500 per sq.ft, and the most recent 2024 revision set the value at Rs 1,600 per sq.ft. The changes between revisions are as follows: from 2007 to 2012, there was a +200% increase; from 2012 to 2017, a -33% decrease; from 2017 to 2023, a +49% increase; and from 2023 to 2024, a +7% increase.

The register does not have figures for Jegajeevanram Nagar 2nd Street for the years 2002 and 2003.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Jegajeevanram Nagar 2nd Street's 2024 guideline value is below this median.

• Jegajeevanram Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevan Ram Nagar: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• Jegadhambal Street: Rs 3,200 per sq.ft (2024)
• Jegajeevanram Nagar 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jegajeevanram Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegajeevanram Nagar 2nd Street?

The Sub Registrar Office that covers Jegajeevanram Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Perambur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for any property transfer.

When buying or selling property, it is crucial to consider the guideline value, as it serves as a benchmark for the transaction. The registration process requires adherence to these values, ensuring that all transactions are documented accurately and in compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Jegajeevanram Nagar 2nd Street?

The current guideline value of Jegajeevanram Nagar 2nd Street is Rs 1,600 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 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, with various increases and decreases over the years.

What is the registration office for Jegajeevanram Nagar 2nd Street?

The registration office for Jegajeevanram Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Jegajeevanram Nagar 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,12,000.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur with the same guideline value of Rs 1,600 per sq.ft include Jegajeevanram Nagar 1st Street, Jegajeevanram Nagar 3rd Street, Jegajeevan Ram Nagar, and Jegajeevanram Nagar 4th Street.