Guideline Value for Jeeva Nagar 9th Street

Jeeva Nagar 9th Street guideline value

The current guideline value of Jeeva Nagar 9th 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 9th Street has changed

The guideline value of Jeeva Nagar 9th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, but then decreased to Rs 804 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2023, and finally, it has reached Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Between the revisions, the most notable changes include a 100% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a substantial 49% increase from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 117%. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which indicates that the 2024 figure for Jeeva Nagar 9th Street is below this median.

• Jeeva Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar Ist street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 5th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Nagar 9th 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 at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeeva Nagar 9th Street?

The Sub Registrar Office that covers Jeeva Nagar 9th 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted transparently and fairly.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jeeva Nagar 9th Street?

The current guideline value of Jeeva Nagar 9th 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 and registration fees for properties in this area?

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 for Jeeva Nagar 9th Street?

The Royapuram Sub Registrar Office handles property registrations for Jeeva Nagar 9th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Jeeva Nagar 9th Street?

Jeeva Nagar 9th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.