Guideline Value for JEGAJEEVANRAM NAGAR 4TH STREET

Jegajeevanram Nagar 4th Street guideline value

The current guideline value of Jegajeevanram Nagar 4th 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 4th Street has changed

The guideline value for Jegajeevanram Nagar 4th Street has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, the value then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The next revision in 2023 saw the value rise to Rs 1,500 per sq.ft, and the latest revision in 2024 has set it at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Perambur

In Perambur village, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that Jegajeevanram Nagar 4th Street's 2024 figure is below that median.

• Jegajeevanram Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 5th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 6th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 7th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jegajeevanram Nagar 4th 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 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 or the sale price.

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

Which Sub Registrar Office covers Jegajeevanram Nagar 4th Street?

The Jegajeevanram Nagar 4th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jegajeevanram Nagar 4th Street?

The current guideline value of Jegajeevanram Nagar 4th 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 from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 220% over the years.

What is the land classification for Jegajeevanram Nagar 4th Street?

Jegajeevanram Nagar 4th Street is classified as Residential Class V Type - I.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Jegajeevanram Nagar 4th Street?

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