Guideline Value for Jeeva Nagar Ist street

Jeeva Nagar Ist street guideline value

The current guideline value of Jeeva Nagar Ist 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 Ist street has changed

The guideline value for Jeeva Nagar Ist 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, marking a 100% rise. However, it then decreased to Rs 804 per sq.ft in 2017, reflecting a 33% drop. The value saw a significant increase to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,300 per sq.ft in 2024, which is an 8% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. 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 with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, indicating that the guideline value of Jeeva Nagar Ist street is below this median.

• Jeeva Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 7th Street: 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 Ist 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, together totaling 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 details.

Which Sub Registrar Office covers Jeeva Nagar Ist street?

The Sub Registrar Office covering Jeeva Nagar Ist 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 when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated appropriately.

When buying or selling property, the guideline value helps in assessing the fair value of the property for taxation purposes. It is important for both buyers and sellers to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jeeva Nagar Ist street?

The current guideline value of Jeeva Nagar Ist street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much 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, representing an overall increase of 117% over the years.

What are the stamp duty and registration fees for property in Jeeva Nagar Ist street?

For a 1,000 sq.ft property at the current guideline value, 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 Ist street?

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

What is the land classification of Jeeva Nagar Ist street?

Jeeva Nagar Ist street is classified as Residential Class II Type - I according to the land classification guidelines.