Guideline Value for Jeeva Nagar

Jeeva Nagar guideline value

The current guideline value of Jeeva Nagar, located in Sevilimadu - A village under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class I Type - I.

How the guideline value of Jeeva Nagar has changed

The guideline value for Jeeva Nagar has undergone several revisions over the years. The earliest recorded figure in the register is from 2017, where the value was Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Jeeva Nagar.

• Iyyappa Nagar: Rs 1,100 per sq.ft (2024)
• Housing Board: Rs 1,100 per sq.ft (2024)
• Kamatchi Nagar: Rs 875 per sq.ft (2024)
• Gurusamy Nagar: Rs 875 per sq.ft (2024)
• Kanniyamma Nagar: Rs 800 per sq.ft (2024)
• Gem Extension: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jeeva Nagar?

The Sub Registrar Office that covers Jeeva Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor when buying or selling property in Sevilimadu - A. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

At the time of registration, the guideline value is used to calculate the necessary fees. This ensures that all transactions are conducted transparently and in accordance with the established property values in the area.

Frequently asked questions

What is the current guideline value of Jeeva Nagar?

The current guideline value of Jeeva Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, which is a total increase of 64% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which registration office covers Jeeva Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Jeeva Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

How is the guideline value determined for properties?

The guideline value is determined based on revisions conducted by the Registration Department, reflecting the prevailing market conditions and property classifications in the area.