Guideline Value

Corporate

Guideline Value for JEGAJEEVANRAM NAGAR MAIN ROAD

₹1600/sq.ft.

The guideline value for Jegajeevanram Nagar Main Road in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jegajeevanram Nagar Main Road

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Jegajeevanram Nagar Main Road guideline value

The current guideline value of Jegajeevanram Nagar Main Road 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 Jegajeevan Nagar Main Road has changed

Over the years, the guideline value of Jegajeevanram Nagar Main Road has undergone several revisions. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, but then saw a decrease to Rs 1,005 per sq.ft in 2017. The value then rose sharply to Rs 1,500 per sq.ft in 2023, before reaching the current value of Rs 1,600 per sq.ft in 2024.

The changes between these revisions highlight a substantial increase overall. From 2007 to 2012, the value increased by 200%, but then it decreased by 33% from 2012 to 2017. Following this, there was a significant increase of 49% from 2017 to 2023, and a further increase of 7% from 2023 to 2024. 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 of Jegajeevanram Nagar Main Road is below this median.

Stamp duty and registration fee for property in Jegajeevanram Nagar Main Road

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 combined total of 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegajeevanram Nagar Main Road?

The Sub Registrar Office that covers Jegajeevanram Nagar Main Road 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 aspect when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both buyers and sellers adhere to legal requirements during the transaction process.

When a property is sold, the guideline value helps in establishing a fair price for registration purposes. It is essential for buyers to be aware of the current guideline value to ensure they are making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Jegajeevanram Nagar Main Road?

The current guideline value of Jegajeevanram Nagar Main Road 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 significantly from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, with notable fluctuations in between.

What is the land classification for Jegajeevanram Nagar Main Road?

Jegajeevanram Nagar Main Road is classified as Residential Class V Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Where can I find the Sub Registrar Office for Jegajeevanram Nagar Main Road?

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