Guideline Value for JEGAJEEVANRAM NAGAR 5TH STREET

Jegajeevanram Nagar 5th Street guideline value

The current guideline value of Jegajeevanram Nagar 5th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Jegajeevanram Nagar 5th Street has changed

The guideline value for Jegajeevanram Nagar 5th Street has seen 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, marking a 200% rise. However, this value decreased to Rs 1,005 per sq.ft in 2017, reflecting a reduction of 33%. The most recent revision in 2024 has set the guideline value at Rs 1,600 per sq.ft, representing a 59% increase from the 2017 figure.

It is important to note that there are no registered figures for this street in the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 220%.

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. The guideline value for Jegajeevanram Nagar 5th Street is below this median.

• Jegajeevanram Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 6th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 7th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 8th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jegajeevanram Nagar 5th 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. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegajeevanram Nagar 5th Street?

The Sub Registrar Office that covers Jegajeevanram Nagar 5th 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 is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties and fees.

Understanding the guideline value is essential for prospective buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions. It is advisable to verify the latest guideline values before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Jegajeevanram Nagar 5th Street?

The current guideline value of Jegajeevanram Nagar 5th 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 median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, while Jegajeevanram Nagar 5th Street's 2024 figure is below this median.

Where is the Sub Registrar Office for Jegajeevanram Nagar 5th Street located?

The Sub Registrar Office for Jegajeevanram Nagar 5th Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property transactions?

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