Guideline Value for JEGAJEEVANRAM NAGAR 6TH STREET

Jegajeevanram Nagar 6th Street guideline value

The current guideline value of Jegajeevanram Nagar 6th 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 it falls under the Residential Class V Type - I land classification.

How the guideline value of Jegajeevanram Nagar 6th Street has changed

The guideline value for Jegajeevanram Nagar 6th Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% increase. However, the value then decreased to Rs 1,005 per sq.ft in 2017, reflecting a 33% decline.

From 2017 to the latest revision in 2024, the guideline value rose to Rs 1,600 per sq.ft, indicating a 59% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 220%. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with guideline values 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 6th Street is below this median.

• Jegajeevanram Nagar 5th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 7th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 8th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar Main Road: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jegajeevanram Nagar 6th 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 or the sale price.

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

Which Sub Registrar Office covers Jegajeevanram Nagar 6th Street?

The Sub Registrar Office that covers Jegajeevanram Nagar 6th 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 a crucial factor 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 the transaction is in line with the prevailing market conditions.

When a property is sold, the stamp duty and registration fees are calculated 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 6th Street?

The current guideline value of Jegajeevanram Nagar 6th 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 6th Street?

Jegajeevanram Nagar 6th Street is classified under Residential Class V Type - I.

Where is the Sub Registrar Office for Jegajeevanram Nagar 6th Street located?

The Sub Registrar Office for Jegajeevanram Nagar 6th Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.