Guideline Value for Jeeva Nagar 8th Street

Jeeva Nagar 8th Street guideline value

The current guideline value of Jeeva Nagar 8th 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 8th Street has changed

The guideline value for Jeeva Nagar 8th Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as of the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2007 to 2012, there was a 100% increase, followed by a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023, and an 8% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making the 2024 figure for Jeeva Nagar 8th Street below that median.

• Jeeva Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar Ist street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Nagar 8th 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 be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please 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 information.

Which Sub Registrar Office covers Jeeva Nagar 8th Street?

The Sub Registrar Office that covers Jeeva Nagar 8th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Tondaiarpet, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Understanding the current guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Jeeva Nagar 8th Street?

The current guideline value of Jeeva Nagar 8th 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 other guideline values in Tondaiarpet?

Other streets in Tondaiarpet have guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft.

What are the stamp duty and registration fees for properties in Jeeva Nagar 8th Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles property registrations in Jeeva Nagar 8th Street?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, handles property registrations for Jeeva Nagar 8th Street.