Guideline Value for Jeeva Nagar Main Road

Jeeva Nagar Main Road guideline value

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

How the guideline value of Jeeva Nagar Main Road has changed

The guideline value for Jeeva Nagar Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,200 per sq.ft. The latest revision in 2024 raised the value to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Tondaiarpet

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

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

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 to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeeva Nagar Main Road?

The Sub Registrar Office that covers Jeeva Nagar Main Road 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 plays a crucial role in property transactions in Tondaiarpet. It is used by the registration department to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Jeeva Nagar Main Road?

The current guideline value of Jeeva Nagar Main Road 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 in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of Jeeva Nagar Main Road.

What are the stamp duty and registration fees for properties in Jeeva Nagar Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,17,000.

Where is the Sub Registrar Office for Jeeva Nagar Main Road located?

The Sub Registrar Office for Jeeva Nagar Main Road is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.