Guideline Value for Jeeva Garden

Jeeva Garden guideline value

The current guideline value of Jeeva Garden, located in Koyakbedu village, is Rs 3,800 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Class II Type - III.

How the guideline value of Jeeva Garden has changed

The guideline value for Jeeva Garden has seen significant changes over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 133%. However, this value dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, and finally to the current rate of Rs 3,800 per sq.ft in 2024, which is an increase of 9% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 153%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as per the 2024 revision. The median value for this area is Rs 4,400 per sq.ft, indicating that Jeeva Garden's current guideline value is below the median.

• J Block 15 Th Main Road: Rs 13,100 per sq.ft (2024)
• J Block 13th Main Road: Rs 13,100 per sq.ft (2024)
• Jegannatha Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 13th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeeva Garden?

The Jeeva Garden area is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of this value to ensure they comply with the legal requirements during property registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jeeva Garden?

The current guideline value of Jeeva Garden is Rs 3,800 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen fluctuations, starting from Rs 1,500 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 153% from 2007 to 2024.

What is the land classification of Jeeva Garden?

Jeeva Garden is classified as Residential Class II Type - III, indicating its suitability for residential purposes within the area.

What are the stamp duty and registration fees for property in Jeeva Garden?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers Jeeva Garden?

The AnnaNagar Sub Registrar Office covers Jeeva Garden, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.