Guideline Value for Jeeva Main Road

Jeeva Main Road guideline value

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

How the guideline value of Jeeva Main Road has changed

The guideline value for Jeeva Main Road has undergone several revisions since 2007. The value was Rs 400 per sq.ft in 2007, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,500 per sq.ft, followed by the current value of Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 313%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, making the current value of Jeeva Main Road above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jeeva Main Road?

The Sub Registrar Office that covers Jeeva Main Road 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 an essential factor in property transactions in Puzhal. It is used to determine the stamp duty and registration fees that buyers must pay during the registration of property. This ensures that the transaction is officially recorded and that the appropriate taxes are collected by the government.

When buying or selling property, it is crucial to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the latest values to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Jeeva Main Road?

The current guideline value of Jeeva Main Road 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, showing a significant increase over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000, leading to a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Jeeva Main Road?

The Redhills Sub Registrar Office covers Jeeva Main Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the classification of land on Jeeva Main Road?

The land classification for Jeeva Main Road is Residential Class I Type - I, indicating its use for residential purposes.