Guideline Value for JEGAJEEVANRAM NAGAR 8TH STREET

Jegajeevanram Nagar 8th Street guideline value

The current guideline value of Jegajeevanram Nagar 8th 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 Jegajeevanram Nagar 8th Street has changed

The guideline value for Jegajeevanram Nagar 8th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase of 49% to Rs 1,500 per sq.ft in 2023, and most recently, it rose by 7% to the current value of Rs 1,600 per sq.ft in 2024.

There are no recorded figures for Jegajeevanram Nagar 8th Street in the years 2002 and 2003. 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, with guideline values 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, placing Jegajeevanram Nagar 8th Street's 2024 figure below that median.

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

Stamp duty and registration fee for property in Jegajeevanram Nagar 8th 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, resulting in a total of 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegajeevanram Nagar 8th Street?

Jegajeevanram Nagar 8th 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 further assistance.

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 calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When a property is sold, the guideline value helps determine the minimum value on which the stamp duty is calculated, safeguarding the interests of both the buyer and the government. It is essential to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Jegajeevanram Nagar 8th Street?

The current guideline value for Jegajeevanram Nagar 8th 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 registration office for Jegajeevanram Nagar 8th Street?

The registration office for Jegajeevanram Nagar 8th 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 of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be calculated at 7% of this amount.

What are the guideline values for other streets in Perambur?

Other streets in Perambur have a guideline value of Rs 1,600 per sq.ft as well, including Jegajeevanram Nagar 7th Street, Main Road, 6th Street, 5th Street, 4th Street, and 3rd Street, all listed for 2024.