Guideline Value for Jeeva Nagar 4th Street

Jeeva Nagar 4th Street guideline value

The current guideline value of Jeeva Nagar 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Jeeva Nagar 4th Street has changed

The guideline value for Jeeva Nagar 4th Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, representing a 100% rise. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The next revision in 2023 raised the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 set it at Rs 1,300 per sq.ft, marking an 8% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 117%. The changes from one revision to the next indicate fluctuations, with significant increases in certain years, particularly from 2007 to 2012 and from 2017 to 2023.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing the guideline value of Jeeva Nagar 4th Street below this median.

• Jeeva Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 3rd 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)
• Jeeva Nagar 9th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000. Together, these fees would total Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeeva Nagar 4th Street?

The Sub Registrar Office that covers Jeeva Nagar 4th 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 is a crucial factor when buying or selling property in Tondaiarpet. It serves as a reference point for determining the minimum value of a property for registration purposes. The guideline value is used by the registration department to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any issues during registration. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jeeva Nagar 4th Street?

The current guideline value of Jeeva Nagar 4th 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 is the median guideline value in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of Jeeva Nagar 4th Street.

What are the stamp duty and registration fees for property in Jeeva Nagar 4th Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000 based on the current guideline value.

Where is the Sub Registrar Office for Jeeva Nagar 4th Street located?

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