Guideline Value for Jeeva 2nd Street

Jeeva 2nd Street guideline value

The current guideline value of Jeeva 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Jeeva 2nd Street has changed

Over the years, the guideline value of Jeeva 2nd Street has seen several revisions. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft as per the 2024 revision. The changes between these revisions include a +275% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024.

It is important to note that there are no figures available for Jeeva 2nd Street in the revisions for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by +313%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Jeeva 2nd Street is above this median.

• Jeeva 1st Street: Rs 1,650 per sq.ft (2024)
• Jeeva 3rd Street: Rs 1,650 per sq.ft (2024)
• Jeeva Main Road: Rs 1,650 per sq.ft (2024)
• Jeeva Street: Rs 1,650 per sq.ft (2024)
• Jeeva Street 2nd Lane: Rs 1,650 per sq.ft (2024)
• Jeeva Street First Lane: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jeeva 2nd Street?

The Sub Registrar Office that covers Jeeva 2nd Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buyers or sellers engage in a real estate transaction, they must consider the guideline value to understand the financial implications of the registration process. This value helps in calculating the necessary fees and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jeeva 2nd Street?

The current guideline value of Jeeva 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of +313%.

What is the stamp duty rate for property in Jeeva 2nd Street?

The stamp duty rate for property in Jeeva 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Jeeva 2nd Street located?

The Sub Registrar Office for Jeeva 2nd Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the guideline values for other streets in Puzhal?

Other streets in Puzhal have a guideline value of Rs 1,650 per sq.ft for the year 2024, similar to Jeeva 2nd Street. This includes Jeeva 1st Street, Jeeva 3rd Street, Jeeva Main Road, Jeeva Street, Jeeva Street 2nd Lane, and Jeeva Street First Lane.