Guideline Value for Jeer Street

Jeer Street guideline value

The current guideline value of Jeer Street in Tondaiarpet village, under the Royapuram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Jeer Street has changed

The guideline value of Jeer Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, the 2017 revision saw a decrease to Rs 804 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, reflecting a significant increase of 62% from 2017.

It is important to note that the register has no figures for the years 2002, 2003, and 2023 for Jeer Street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, placing Jeer Street's 2024 figure below this median.

• Jeeva Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 7th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is essential to note that 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 Jeer Street?

Jeer Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the necessary fees. This ensures that the transaction is assessed fairly according to the established values in the area.

Frequently asked questions

What is the current guideline value of Jeer Street?

The current guideline value of Jeer Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of Jeer Street.

What are the stamp duty and registration fees for properties on Jeer Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Jeer Street located?

The Sub Registrar Office covering Jeer Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.