Guideline Value for JEGAJEEVANRAM NAGAR 3RD STREET

Jegajeevanram Nagar 3rd Street guideline value

The current guideline value of Jegajeevanram Nagar 3rd 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 3rd Street has changed

The guideline value for Jegajeevanram Nagar 3rd Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. Following this, the value surged to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft as of the 2024 revision. The changes between these revisions include a 200% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 7% increase from 2023 to 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Perambur

In Perambur, there are a total of 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Jegajeevanram Nagar 3rd Street below this median.

• Jegajeevanram Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 5th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevan Ram Nagar: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 6th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jegajeevanram Nagar 3rd Street

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

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

Which Sub Registrar Office covers Jegajeevanram Nagar 3rd Street?

The Sub Registrar Office that covers Jegajeevanram Nagar 3rd 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 plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jegajeevanram Nagar 3rd Street?

The current guideline value of Jegajeevanram Nagar 3rd 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 multiple times, starting from Rs 500 per sq.ft in 2007, increasing to Rs 1,500 in 2012, decreasing to Rs 1,005 in 2017, and rising to Rs 1,600 in 2024.

What is the land classification for Jegajeevanram Nagar 3rd Street?

Jegajeevanram Nagar 3rd Street is classified as Residential Class V Type - I.

Where can I find the registration office for this area?

The registration office for Jegajeevanram Nagar 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.