Guideline Value for Jeeva 3rd Street

Jeeva 3rd Street guideline value

The current guideline value of Jeeva 3rd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Jeeva 3rd Street has changed

The guideline value for Jeeva 3rd Street has seen several revisions over the years. The earliest recorded value was Rs 400 per sq.ft in 2007, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this figure dropped to Rs 1,005 per sq.ft in 2017 before rising again to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 275% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The overall increase from 2007 to 2024 stands at 313%. The guideline register does not have figures for the years 2002 and 2003 for this street.

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. The median guideline value in the village is Rs 1,102 per sq.ft, making Jeeva 3rd Street's current value above this median.

• Jeeva 2nd Street: Rs 1,650 per sq.ft (2024)
• Jeeva 1st 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 3rd 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, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Jeeva 3rd Street?

The Sub Registrar Office that covers Jeeva 3rd 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puzhal. It serves as a standard reference for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. The fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Jeeva 3rd Street?

The current guideline value of Jeeva 3rd 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, with various increases and decreases in between.

What are the stamp duty rates for property in Jeeva 3rd Street?

The stamp duty for property transactions in Jeeva 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jeeva 3rd Street?

The Sub Registrar Office for Jeeva 3rd Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Puzhal?

The median guideline value in Puzhal is Rs 1,102 per sq.ft, with Jeeva 3rd Street's current value above this median.