Guideline Value for Jeeva Nagar 3rd Street

Jeeva Nagar 3rd Street guideline value

The current guideline value of Jeeva Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jeeva Nagar 3rd Street has changed

The guideline value for Jeeva Nagar 3rd Street has undergone several revisions since 2007. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 804 per sq.ft in 2017, reflecting a 33% decline. The value rose significantly to Rs 1,200 per sq.ft in 2023, and it has now increased to Rs 1,300 per sq.ft in 2024, representing an 8% increase.

It is important to note that there are no figures available for Jeeva Nagar 3rd Street in the revisions for 2002 and 2003. 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 have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Jeeva Nagar 3rd Street is below this median.

• Jeeva Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 2nd 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)
• Jeeva Nagar 8th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Jeeva Nagar 3rd Street?

The Sub Registrar Office that covers Jeeva Nagar 3rd Street is 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 property transactions in Tondaiarpet. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. This value ensures that the government receives the appropriate revenue from property sales.

When selling property, the guideline value serves as a benchmark for determining the minimum sale price. Buyers and sellers often refer to this value to negotiate the terms of the sale, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Jeeva Nagar 3rd 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, reflecting an overall increase of 117% over the years.

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

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

Where is the Royapuram Sub Registrar Office located?

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

What other streets have the same guideline value in Tondaiarpet?

Other streets in Tondaiarpet that have the same guideline value of Rs 1,300 per sq.ft include Jeeva Nagar 2nd Street, Jeeva Nagar 4th Street, Jeeva Nagar 5th Street, Jeeva Nagar 6th Street, Jeeva Nagar 7th Street, and Jeeva Nagar 8th Street.